Fifth Third Bancorp Buys 3,410 Shares of The Boston Beer Company, Inc. $SAM

Fifth Third Bancorp increased its position in The Boston Beer Company, Inc. (NYSE:SAM) by 6,089.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,466 shares of the company’s stock after buying an additional 3,410 shares during the period. Fifth Third Bancorp’s holdings in Boston Beer were worth $799,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SAM. AQR Capital Management LLC boosted its holdings in Boston Beer by 340.4% in the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after acquiring an additional 500,120 shares in the last quarter. Woodson Capital Management LP bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $19,513,000. Vanguard Group Inc. raised its position in shares of Boston Beer by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock worth $202,776,000 after purchasing an additional 89,053 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Boston Beer by 278.0% during the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after purchasing an additional 82,742 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Boston Beer by 266.7% in the 2nd quarter. Quantinno Capital Management LP now owns 77,337 shares of the company’s stock worth $14,757,000 after purchasing an additional 56,248 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Trading Up 1.9%

Shares of Boston Beer stock opened at $183.51 on Tuesday. The business’s fifty day simple moving average is $177.79 and its 200 day simple moving average is $209.21. The Boston Beer Company, Inc. has a 12 month low of $158.68 and a 12 month high of $264.46. The firm has a market capitalization of $1.91 billion, a P/E ratio of -27.03, a price-to-earnings-growth ratio of 3.68 and a beta of 0.78.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data 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 business had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. During the same quarter last year, the company earned $5.45 EPS. The firm’s revenue for the quarter 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. Analysts predict that The Boston Beer Company, Inc. will post 8.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley set a $190.00 price target on shares of Boston Beer in a research report on Friday. UBS Group lowered their price objective on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. Evercore set a $240.00 price objective on shares of Boston Beer in a research note on Friday, May 1st. Citigroup reduced their price objective on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Friday. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $195.00 target price on shares of Boston Beer in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $205.91.

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.