Texas Permanent School Fund Corp Sells 6,356 Shares of The Boston Beer Company, Inc. $SAM

Texas Permanent School Fund Corp trimmed its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 48.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,817 shares of the company’s stock after selling 6,356 shares during the quarter. Texas Permanent School Fund Corp owned about 0.06% of Boston Beer worth $1,301,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its holdings in shares of Boston Beer by 34.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company’s stock valued at $45,624,000 after acquiring an additional 60,880 shares during the last quarter. Armistice Capital LLC grew its holdings in Boston Beer by 72.7% during the first quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock valued at $50,288,000 after purchasing an additional 88,624 shares during the last quarter. Millennium Management LLC grew its holdings in Boston Beer by 97.3% during the first quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock valued at $44,400,000 after purchasing an additional 91,667 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Boston Beer by 25.4% in the second quarter. AQR Capital Management LLC now owns 146,940 shares of the company’s stock valued at $27,663,000 after purchasing an additional 29,731 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of Boston Beer by 42.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 113,804 shares of the company’s stock worth $21,715,000 after buying an additional 34,070 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Performance

NYSE SAM opened at $194.42 on Wednesday. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $306.43. The stock has a market cap of $2.07 billion, a PE ratio of 22.93, a PEG ratio of 1.73 and a beta of 1.06. The firm has a 50-day simple moving average of $203.79 and a 200 day simple moving average of $209.07.

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

Insider Buying and Selling

In other Boston Beer news, Director Michael Spillane sold 3,120 shares of Boston Beer stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $205.78, for a total transaction of $642,033.60. Following the sale, the director owned 10,877 shares in the company, valued at $2,238,269.06. The trade was a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research analyst reports. Jefferies Financial Group lowered 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 restated a “sell (d+)” rating on shares of Boston Beer in a report on Wednesday, October 8th. Piper Sandler lowered their price target on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. UBS Group lifted their price objective on Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Citigroup decreased their target price on Boston Beer from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Boston Beer currently has an average rating of “Reduce” and a consensus price target of $248.37.

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.