The Boston Beer Company, Inc. $SAM Shares Bought by Odyssean LLC

Odyssean LLC raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 152.3% during the 2nd quarter, Holdings Channel reports. The firm owned 16,344 shares of the company’s stock after buying an additional 9,867 shares during the quarter. Odyssean LLC’s holdings in Boston Beer were worth $2,893,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Boston Beer by 0.7% in the second quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after purchasing an additional 57 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in Boston Beer by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock valued at $227,000 after buying an additional 60 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Boston Beer by 18.0% in the first quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock valued at $101,000 after buying an additional 67 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Boston Beer by 23.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $97,000 after buying an additional 80 shares during the period. Finally, US Bancorp DE increased its holdings in Boston Beer by 28.2% in the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock worth $82,000 after buying an additional 85 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research note on Wednesday, July 8th. Morgan Stanley set a $190.00 price objective on shares of Boston Beer and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Royal Bank Of Canada reduced their target price on shares of Boston Beer from $234.00 to $210.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. UBS Group decreased their target price on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. Finally, Zacks Research lowered shares of Boston Beer from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Boston Beer has a consensus rating of “Reduce” and a consensus target price of $206.91.

Boston Beer Stock Down 1.5%

Boston Beer stock opened at $169.14 on Friday. The business’s 50-day moving average price is $180.70 and its 200 day moving average price is $201.23. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -24.91 and a beta of 0.83. The Boston Beer Company, Inc. has a 52 week low of $158.68 and a 52 week high of $264.46.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The company had revenue of $568.34 million during the quarter, compared to analyst estimates of $566.68 million. During the same period in the previous year, the firm posted $5.45 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts expect that The Boston Beer Company, Inc. will post 8.99 EPS for the current year.

Boston Beer Company Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.