Bank of New York Mellon Corp Sells 3,288 Shares of The Boston Beer Company, Inc. $SAM

Bank of New York Mellon Corp trimmed its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 5.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,995 shares of the company’s stock after selling 3,288 shares during the period. Bank of New York Mellon Corp owned 0.55% of Boston Beer worth $13,132,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in shares of Boston Beer in the 1st quarter valued at $37,000. Flagship Harbor Advisors LLC acquired a new stake in Boston Beer during the 4th quarter worth approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 141 shares during the period. CIBC Private Wealth Group LLC raised its position in Boston Beer by 4,780.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after buying an additional 239 shares during the last quarter. Finally, Covestor Ltd raised its holdings 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 purchasing an additional 161 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Boston Beer from $230.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Weiss Ratings cut shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group cut their price objective 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. Finally, Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boston Beer presently has an average rating of “Reduce” and an average target price of $206.91.

Boston Beer Trading Down 1.3%

Shares of Boston Beer stock opened at $182.85 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of -26.93, a PEG ratio of 3.68 and a beta of 0.78. The business has a 50-day moving average price of $177.79 and a two-hundred day moving average price of $208.57. The Boston Beer Company, Inc. has a 1-year low of $158.68 and a 1-year high of $264.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The company had revenue of $568.34 million for the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.45 earnings per share. 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 8.99 EPS for the current fiscal 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.