Pacer Advisors Inc. Trims Stock Position in The Boston Beer Company, Inc. $SAM

Pacer Advisors Inc. lessened its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,836 shares of the company’s stock after selling 5,003 shares during the period. Pacer Advisors Inc.’s holdings in Boston Beer were worth $8,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Boston Beer during the fourth quarter worth about $35,000. Covestor Ltd lifted its holdings in shares of Boston Beer by 180.9% in the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after purchasing an additional 141 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Boston Beer by 4,780.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after purchasing an additional 239 shares during the period. Finally, Group One Trading LLC acquired a new stake in shares of Boston Beer in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SAM shares. Evercore set a $240.00 price target on Boston Beer in a research report on Friday, May 1st. Roth Mkm set a $315.00 price objective on Boston Beer in a report on Friday, May 1st. Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Jefferies Financial Group set a $230.00 target price on shares of Boston Beer in a report on Friday, May 1st. Finally, Morgan Stanley reduced their price target on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boston Beer presently has a consensus rating of “Reduce” and an average target price of $235.64.

Boston Beer Stock Performance

NYSE:SAM opened at $175.51 on Monday. The stock has a fifty day moving average price of $200.49 and a two-hundred day moving average price of $212.72. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -27.86, a PEG ratio of 2.27 and a beta of 0.79. 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 released its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). The business had revenue of $433.93 million during the quarter, compared to analyst estimates of $436.06 million. Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. Boston Beer’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.16 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, analysts predict that The Boston Beer Company, Inc. will post 9.77 EPS for the current year.

About Boston Beer

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.