Quantinno Capital Management LP Has $53.13 Million Stock Position in The Boston Beer Company, Inc. $SAM

Quantinno Capital Management LP boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 155.2% in the 1st quarter, HoldingsChannel reports. The firm owned 230,587 shares of the company’s stock after buying an additional 140,247 shares during the period. Quantinno Capital Management LP’s holdings in Boston Beer were worth $53,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAM. Flagship Harbor Advisors LLC bought a new stake in Boston Beer during the fourth quarter worth about $35,000. Ascentis Independent Advisors bought a new position in shares of Boston Beer in the first quarter valued at approximately $37,000. Covestor Ltd raised its stake in shares of Boston Beer by 180.9% in the fourth quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after acquiring an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $49,000 after acquiring an additional 141 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings 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 worth $52,000 after acquiring an additional 239 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SAM shares. The Goldman Sachs Group decreased their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings lowered Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Evercore set a $240.00 target price on Boston Beer in a report on Friday, May 1st. Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Royal Bank Of Canada lowered their target price on Boston Beer from $234.00 to $210.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $206.91.

Boston Beer Trading Up 0.4%

Shares of SAM stock opened at $186.44 on Thursday. The Boston Beer Company, Inc. has a 1 year low of $158.68 and a 1 year high of $264.46. The firm’s 50 day moving average is $177.98 and its 200-day moving average is $208.92. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -27.46, a PEG ratio of 3.69 and a beta of 0.78.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share 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 company had revenue of $568.34 million during the quarter, compared to analyst estimates of $566.68 million. During the same period in the prior year, the business earned $5.45 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, equities research analysts forecast that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal year.

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.