Hsbc Holdings PLC Purchases New Position in The Boston Beer Company, Inc. $SAM

Hsbc Holdings PLC purchased a new stake in The Boston Beer Company, Inc. (NYSE:SAM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,036 shares of the company’s stock, valued at approximately $593,000.

Several other hedge funds have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new stake in shares of Boston Beer during the fourth quarter worth approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Boston Beer by 154.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after purchasing an additional 141 shares during the period. Covestor Ltd increased its stake in shares of Boston Beer by 180.9% during the fourth quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after purchasing an additional 161 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Boston Beer by 4,780.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock worth $52,000 after purchasing an additional 239 shares during the last quarter. Finally, Group One Trading LLC acquired a new stake in Boston Beer during the 4th quarter worth approximately $52,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Performance

Shares of NYSE SAM opened at $170.35 on Thursday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -27.04, a PEG ratio of 2.17 and a beta of 0.78. The stock’s fifty day moving average is $178.79 and its 200 day moving average is $210.32. The Boston Beer Company, Inc. has a 52 week low of $158.68 and a 52 week high of $264.46.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley reduced their price target on Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Citigroup dropped their target price on Boston Beer from $240.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday. The Goldman Sachs Group reduced their target price on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research report on Wednesday, July 8th. Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $229.00.

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.