Fifth Third Bancorp Raises Position in The Boston Beer Company, Inc. $SAM

Fifth Third Bancorp increased its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 6,089.3% during the first quarter, HoldingsChannel reports. The firm owned 3,466 shares of the company’s stock after acquiring an additional 3,410 shares during the period. Fifth Third Bancorp’s holdings in Boston Beer were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of SAM. California State Teachers Retirement System increased its position in Boston Beer by 0.7% in the second quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after buying an additional 57 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Boston Beer by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock valued at $227,000 after buying an additional 60 shares during the period. US Bancorp DE lifted its position in shares of Boston Beer by 28.2% during the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock valued at $82,000 after buying an additional 85 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Boston Beer by 12.6% during the 3rd quarter. Parallel Advisors LLC now owns 758 shares of the company’s stock worth $160,000 after acquiring an additional 85 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Boston Beer by 8.8% during the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after acquiring an additional 98 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SAM shares. Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday. Roth Capital reiterated a “buy” rating and issued a $295.00 target price (down from $315.00) on shares of Boston Beer in a research note on Friday. The Goldman Sachs Group reduced their target price on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research note on Wednesday, July 8th. Finally, UBS Group lowered their price target on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $205.91.

Boston Beer Trading Up 1.9%

Boston Beer stock opened at $183.51 on Tuesday. The firm’s 50 day simple moving average is $177.79 and its 200 day simple moving average is $209.21. The firm has a market capitalization of $1.91 billion, a PE ratio of -27.03, a price-to-earnings-growth ratio of 3.68 and a beta of 0.78. 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 posted its 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). Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The firm 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 company earned $5.45 earnings per share. The business’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. Research analysts forecast that The Boston Beer Company, Inc. will post 8.74 earnings per share 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.