The Boston Beer Company, Inc. $SAM Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 62.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,700 shares of the company’s stock after purchasing an additional 11,800 shares during the period. Gabelli Funds LLC’s holdings in Boston Beer were worth $6,491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in Boston Beer by 55.4% in the first quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after buying an additional 22,129 shares in the last quarter. Empowered Funds LLC boosted its holdings in Boston Beer by 8.8% in the first quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock valued at $288,000 after purchasing an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Boston Beer by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock valued at $5,231,000 after purchasing an additional 1,067 shares during the last quarter. Fox Run Management L.L.C. increased its stake in Boston Beer by 13.7% in the second quarter. Fox Run Management L.L.C. now owns 3,162 shares of the company’s stock valued at $603,000 after purchasing an additional 380 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Boston Beer by 353.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,078 shares of the company’s stock worth $2,877,000 after purchasing an additional 11,755 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Performance

Boston Beer stock opened at $230.93 on Tuesday. The company has a market cap of $2.41 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.53 and a beta of 1.00. The Boston Beer Company, Inc. has a one year low of $185.34 and a one year high of $260.00. The business has a fifty day moving average of $222.00 and a two-hundred day moving average of $214.37.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.21. The business had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.68) EPS. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. Sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SAM. Morgan Stanley lowered their target price on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Weiss Ratings lowered shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 25th. Citigroup upped their price objective on shares of Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Zacks Research lowered Boston Beer from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $245.00 target price on shares of Boston Beer in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Boston Beer currently has a consensus rating of “Reduce” and an average price target of $233.31.

Boston Beer 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.