Quantedge Capital Pte Ltd Invests $2.40 Million in The Boston Beer Company, Inc. $SAM

Quantedge Capital Pte Ltd purchased a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 10,400 shares of the company’s stock, valued at approximately $2,396,000. Boston Beer makes up 1.3% of Quantedge Capital Pte Ltd’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors have also recently made changes to their positions in SAM. PNC Financial Services Group Inc. lifted its stake in Boston Beer by 18.0% in the first quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock worth $101,000 after acquiring an additional 67 shares during the period. Meeder Asset Management Inc. purchased a new position in Boston Beer during the 1st quarter valued at about $209,000. Dimensional Fund Advisors LP raised its holdings in shares of Boston Beer by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock valued at $63,040,000 after purchasing an additional 15,611 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Boston Beer by 67.3% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the company’s stock valued at $194,000 after purchasing an additional 339 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in shares of Boston Beer in the 1st quarter valued at about $369,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Performance

SAM stock opened at $171.38 on Wednesday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -27.20, a PEG ratio of 3.39 and a beta of 0.78. The firm has a 50-day simple moving average of $177.62 and a two-hundred day simple moving average of $209.80. The Boston Beer Company, Inc. has a one year low of $158.68 and a one year high of $264.46.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The firm had revenue of $433.93 million during the quarter, compared to the consensus estimate of $436.06 million. During the same quarter in the prior year, the business posted $2.16 earnings per share. The firm’s quarterly 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 analysts predict that The Boston Beer Company, Inc. will post 9.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SAM shares. Roth Capital set a $315.00 price objective on shares of Boston Beer in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $233.00 price objective on shares of Boston Beer in a research note on Friday, May 1st. Wall Street Zen lowered Boston Beer from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings cut Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, Citigroup cut their price target on Boston Beer from $240.00 to $195.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Boston Beer has an average rating of “Reduce” and an average target price of $224.00.

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.