Skylands Capital LLC Acquires 9,116 Shares of The Boston Beer Company, Inc. $SAM

Skylands Capital LLC lifted its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 434.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,216 shares of the company’s stock after buying an additional 9,116 shares during the quarter. Skylands Capital LLC owned about 0.11% of Boston Beer worth $1,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SAM. Dimensional Fund Advisors LP raised its holdings in shares of Boston Beer by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock valued at $63,040,000 after purchasing an additional 15,611 shares during the period. Quantinno Capital Management LP boosted its position in shares of Boston Beer by 155.2% during the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock worth $53,127,000 after purchasing an additional 140,247 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Boston Beer by 13.4% during the 1st quarter. Renaissance Technologies LLC now owns 93,779 shares of the company’s stock worth $21,607,000 after purchasing an additional 11,100 shares in the last quarter. Calamos Advisors LLC grew its stake in shares of Boston Beer by 2.1% in the 1st quarter. Calamos Advisors LLC now owns 66,749 shares of the company’s stock valued at $15,379,000 after buying an additional 1,385 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Boston Beer by 34.8% in the 1st quarter. First Trust Advisors LP now owns 51,675 shares of the company’s stock valued at $11,906,000 after buying an additional 13,348 shares during the period. 81.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SAM shares. Morgan Stanley set a $190.00 price target on Boston Beer and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $195.00 price target on shares of Boston Beer in a report on Monday, July 27th. Wall Street Zen raised Boston Beer from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Roth Capital reissued a “buy” rating and issued a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft set a $176.00 target price on Boston Beer in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boston Beer has an average rating of “Reduce” and an average price target of $205.09.

Boston Beer Price Performance

Shares of NYSE SAM opened at $181.80 on Thursday. The stock has a market capitalization of $1.89 billion, a P/E ratio of -26.78 and a beta of 0.82. The company has a 50-day moving average price of $174.67 and a 200-day moving average price of $187.34. The Boston Beer Company, Inc. has a 1 year low of $158.68 and a 1 year high of $264.46.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing the consensus estimate of $4.83 by ($1.18). Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%. The business had revenue of $568.34 million for the quarter, compared to the consensus estimate of $566.68 million. During the same period in the previous year, the firm earned $5.45 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal year.

Boston Beer Profile

Boston Beer Company, Inc is an American beverage company that develops, produces, and sells alcoholic beverages. The company is best known for its Samuel Adams craft beer brand, which includes Boston Lager and a range of seasonal, specialty, and limited-release beers.

Its portfolio also includes Twisted Tea hard iced tea, Truly Hard Seltzer, Angry Orchard hard cider, and beverages associated with Dogfish Head, which Boston Beer acquired in 2019. The company offers products across several categories, including beer, flavored malt beverages, hard seltzer, and hard cider, with offerings distributed primarily through wholesalers, retailers, restaurants, and other on-premise establishments.

Founded in 1984 by Jim Koch, Boston Beer helped expand the U.S.