The Boston Beer Company, Inc. $SAM Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. trimmed its position in The Boston Beer Company, Inc. (NYSE:SAM) by 6.2% in the fourth quarter, Holdings Channel reports. The firm owned 123,028 shares of the company’s stock after selling 8,176 shares during the quarter. Global Alpha Capital Management Ltd.’s holdings in Boston Beer were worth $24,006,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SAM. Goldman Sachs Group Inc. grew 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 worth $14,820,000 after purchasing an additional 22,129 shares in the last quarter. Empowered Funds LLC grew its stake in Boston Beer by 8.8% in the first quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after purchasing an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 worth $5,231,000 after purchasing an additional 1,067 shares in the last quarter. Cetera Investment Advisers grew its stake in Boston Beer by 17.9% in the second quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock worth $315,000 after purchasing an additional 251 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Boston Beer by 41.5% in the second quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock worth $2,988,000 after purchasing an additional 4,591 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAM. Citigroup decreased their price target on Boston Beer from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Evercore set a $240.00 price target on Boston Beer in a research note on Friday, May 1st. UBS Group cut their target price on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $233.00 target price on shares of Boston Beer in a report on Friday, May 1st. Finally, Royal Bank Of Canada cut their target price on shares of Boston Beer from $245.00 to $242.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Ten analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $235.64.

Boston Beer Stock Up 2.4%

Shares of NYSE SAM opened at $164.87 on Friday. The firm’s 50-day moving average price is $212.90 and its two-hundred day moving average price is $213.81. The Boston Beer Company, Inc. has a 52-week low of $158.68 and a 52-week high of $264.46. The stock has a market capitalization of $1.72 billion, a P/E ratio of -26.17, a P/E/G ratio of 2.12 and a beta of 0.79.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The business had revenue of $433.93 million during the quarter, compared to the consensus estimate of $436.06 million. During the same period in the prior year, the business earned $2.16 EPS. The business’s revenue was down 4.4% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts expect that The Boston Beer Company, Inc. will post 9.77 earnings per share 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.