Gabelli Funds LLC Sells 3,700 Shares of The Boston Beer Company, Inc. $SAM

Gabelli Funds LLC lowered its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 12.1% during the fourth quarter, Holdings Channel reports. The firm owned 27,000 shares of the company’s stock after selling 3,700 shares during the period. Gabelli Funds LLC’s holdings in Boston Beer were worth $5,269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Boston Beer by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock worth $202,776,000 after purchasing an additional 89,053 shares during the period. AQR Capital Management LLC increased its position in shares of Boston Beer by 340.4% in the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after purchasing an additional 500,120 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Boston Beer by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 265,779 shares of the company’s stock worth $56,191,000 after purchasing an additional 3,336 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Boston Beer by 8.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 258,403 shares of the company’s stock worth $54,632,000 after purchasing an additional 19,294 shares during the period. Finally, Gotham Asset Management LLC increased its position in shares of Boston Beer by 1,752.2% in the third quarter. Gotham Asset Management LLC now owns 213,266 shares of the company’s stock worth $45,089,000 after purchasing an additional 201,752 shares during the period. Institutional investors own 81.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SAM shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $233.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Citigroup decreased their target price on Boston Beer from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. UBS Group decreased their target price on Boston Beer from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Evercore set a $240.00 target price on Boston Beer in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Sunday. Ten equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $235.64.

Boston Beer Stock Up 3.0%

Boston Beer stock opened at $184.24 on Thursday. The Boston Beer Company, Inc. has a 12-month low of $169.98 and a 12-month high of $264.46. The business’s 50-day moving average price is $225.34 and its two-hundred day moving average price is $216.16. The stock has a market cap of $1.92 billion, a PE ratio of -29.24, a P/E/G ratio of 2.30 and a beta of 0.88.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.64 EPS 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 for the quarter, compared to analyst estimates of $436.06 million. During the same period in the previous year, the business posted $2.16 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, analysts expect that The Boston Beer Company, Inc. will post 9.77 earnings per share for the current year.

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.