Pacer Advisors Inc. Sells 4,307 Shares of The Boston Beer Company, Inc. $SAM

Pacer Advisors Inc. reduced its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,529 shares of the company’s stock after selling 4,307 shares during the quarter. Pacer Advisors Inc.’s holdings in Boston Beer were worth $8,647,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. AQR Capital Management LLC increased its holdings in Boston Beer by 340.4% during the 3rd quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock valued at $136,801,000 after purchasing an additional 500,120 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Boston Beer by 155.2% in the first quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock worth $53,127,000 after purchasing an additional 140,247 shares in the last quarter. Woodson Capital Management LP acquired a new position in Boston Beer in the fourth quarter worth $19,513,000. Vanguard Group Inc. grew its holdings in shares of Boston Beer by 9.4% during 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 last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Boston Beer by 278.0% during the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after purchasing an additional 82,742 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAM has been the subject of a number of research reports. Evercore set a $240.00 target price on Boston Beer in a research note on Friday, May 1st. The Goldman Sachs Group reduced their price target on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group decreased their price objective on shares of Boston Beer from $230.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Wall Street Zen upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Zacks Research downgraded shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Boston Beer currently has a consensus rating of “Reduce” and an average price target of $206.91.

Boston Beer Stock Down 1.2%

SAM stock opened at $184.35 on Wednesday. The Boston Beer Company, Inc. has a twelve month low of $158.68 and a twelve month high of $264.46. The company has a market cap of $1.92 billion, a P/E ratio of -27.15 and a beta of 0.80. The business has a fifty day moving average of $177.76 and a 200-day moving average of $208.19.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.83 by ($1.18). The firm had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. Boston Beer’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts anticipate that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal 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.