Wedge Capital Management L L P NC Raises Stock Position in The Boston Beer Company, Inc. $SAM

Wedge Capital Management L L P NC boosted its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 52.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,238 shares of the company’s stock after acquiring an additional 4,210 shares during the period. Wedge Capital Management L L P NC owned about 0.12% of Boston Beer worth $2,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in shares of Boston Beer in the first quarter valued at about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Boston Beer by 154.9% during 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 last quarter. CIBC Private Wealth Group LLC raised its position in shares of 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. Covestor Ltd lifted its stake in Boston Beer by 180.9% in the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after buying an additional 161 shares in the last quarter. Finally, Group One Trading LLC purchased a new position in Boston Beer in the 4th quarter valued at about $52,000. 81.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SAM has been the subject of several research reports. Roth Capital reiterated a “buy” rating and set a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. Royal Bank Of Canada decreased their target price on Boston Beer from $234.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. UBS Group decreased their target price on Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Wall Street Zen raised Boston Beer from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Citigroup decreased their price objective on Boston Beer from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Boston Beer presently has a consensus rating of “Reduce” and an average target price of $206.91.

Boston Beer Stock Performance

Shares of Boston Beer stock opened at $185.66 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -27.34 and a beta of 0.80. The Boston Beer Company, Inc. has a fifty-two week low of $158.68 and a fifty-two week high of $264.46. The stock has a 50 day moving average of $179.87 and a 200 day moving average of $206.45.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 23rd. The company reported $3.65 EPS 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 business had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. During the same quarter in the prior year, the firm earned $5.45 EPS. Boston Beer’s revenue for the quarter was down 3.3% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Analysts forecast that The Boston Beer Company, Inc. will post 8.99 EPS for the current 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.