Merit Financial Group LLC Buys Shares of 2,757 The Boston Beer Company, Inc. $SAM

Merit Financial Group LLC purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,757 shares of the company’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock valued at $40,000 after acquiring an additional 85 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Boston Beer by 606.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Boston Beer during the second quarter worth about $50,000. Signaturefd LLC grew its stake in Boston Beer by 42.6% in the second quarter. Signaturefd LLC now owns 358 shares of the company’s stock worth $68,000 after purchasing an additional 107 shares in the last quarter. Finally, Group One Trading LLC bought a new stake in Boston Beer in the second quarter valued at about $99,000. Institutional investors own 81.13% of the company’s stock.

Insider Buying and Selling

In other Boston Beer news, Director Michael Spillane sold 3,120 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $205.78, for a total value of $642,033.60. Following the completion of the transaction, the director owned 10,877 shares in the company, valued at approximately $2,238,269.06. This represents a 22.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 26.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group increased their target price on Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Citigroup reduced their price objective on Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Jefferies Financial Group decreased their price objective on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a report on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Finally, Piper Sandler reduced their price target on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $248.37.

Boston Beer Price Performance

Shares of SAM opened at $208.69 on Friday. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $273.01. The stock has a fifty day moving average price of $198.55 and a 200 day moving average price of $208.24. The company has a market cap of $2.22 billion, a P/E ratio of 24.61, a PEG ratio of 1.49 and a beta of 1.04.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.47. The company had revenue of $537.49 million during the quarter, compared to the consensus estimate of $542.97 million. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 earnings per share. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Boston Beer Company 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.