The Boston Beer Company, Inc. (NYSE:SAM) Sees Significant Increase in Short Interest

The Boston Beer Company, Inc. (NYSE:SAM) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 969,653 shares, an increase of 17.8% from the February 26th total of 823,475 shares. Based on an average daily trading volume, of 172,644 shares, the short-interest ratio is presently 5.6 days. Approximately 12.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Boston Beer

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC bought a new position in Boston Beer in the 3rd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in Boston Beer by 137.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Boston Beer during the 4th quarter worth $35,000. GAMMA Investing LLC grew its stake in shares of Boston Beer by 81.7% in the third quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 85 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Boston Beer by 180.9% in the fourth quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of SAM opened at $235.10 on Thursday. Boston Beer has a 12 month low of $185.34 and a 12 month high of $260.00. The stock has a fifty day moving average price of $229.70 and a 200 day moving average price of $215.43. The company has a market cap of $2.46 billion, a P/E ratio of 24.14, a PEG ratio of 2.52 and a beta of 0.90.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.33) by $0.21. The company had revenue of $385.68 million during the quarter, compared to the consensus estimate of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. As a group, research analysts anticipate that Boston Beer will post 9.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Boston Beer from $226.00 to $211.00 and set a “hold” rating on the stock in a research report on Monday. UBS Group dropped their target price on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Zacks Research lowered shares of Boston Beer from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $245.00 price objective on shares of Boston Beer in a research report on Friday, February 20th. Finally, Citigroup increased their price objective on shares of Boston Beer from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Ten investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $226.30.

Boston Beer Company 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.