Oak Thistle LLC Has $1.44 Million Stock Holdings in The Boston Beer Company, Inc. $SAM

Oak Thistle LLC raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 540.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,793 shares of the company’s stock after purchasing an additional 5,732 shares during the period. Oak Thistle LLC’s holdings in Boston Beer were worth $1,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAM. Northern Trust Corp raised its holdings in shares of Boston Beer by 7.6% during the 1st quarter. Northern Trust Corp now owns 86,791 shares of the company’s stock worth $20,729,000 after buying an additional 6,159 shares in the last quarter. Diversified Trust Co acquired a new stake in Boston Beer in the second quarter valued at about $313,000. Acadian Asset Management LLC bought a new position in Boston Beer in the second quarter valued at about $12,795,000. Invesco Ltd. raised its stake in Boston Beer by 10.3% during the first quarter. Invesco Ltd. now owns 109,259 shares of the company’s stock worth $26,095,000 after acquiring an additional 10,241 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its holdings in shares of Boston Beer by 25.1% in the first quarter. Redwood Investment Management LLC now owns 15,372 shares of the company’s stock worth $3,671,000 after acquiring an additional 3,085 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Performance

Shares of NYSE SAM opened at $197.84 on Thursday. The firm has a 50 day moving average price of $205.64 and a two-hundred day moving average price of $209.86. The stock has a market cap of $2.11 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $310.53.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.47. The company had revenue of $537.49 million for the quarter, compared to analysts’ expectations of $542.97 million. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. Boston Beer’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.86 earnings per share. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insider Activity at Boston Beer

In related news, Director Michael Spillane sold 3,120 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total value of $642,033.60. Following the sale, the director directly owned 10,877 shares in the company, valued at $2,238,269.06. This represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research analyst reports. UBS Group raised their price target on shares of Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Citigroup cut their target price on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group decreased their target price on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Finally, Piper Sandler cut their price objective on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $248.37.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.