Vise Technologies Inc. Invests $208,000 in The Boston Beer Company, Inc. $SAM

Vise Technologies Inc. bought a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the second quarter, Holdings Channel reports. The fund bought 1,092 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Boston Beer by 24.7% in the second quarter. Allworth Financial LP now owns 565 shares of the company’s stock valued at $108,000 after acquiring an additional 112 shares during the period. Acadian Asset Management LLC purchased a new stake in Boston Beer in the 2nd quarter worth approximately $12,795,000. Campbell & CO Investment Adviser LLC bought a new position in Boston Beer in the 2nd quarter valued at $1,734,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Boston Beer by 353.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,078 shares of the company’s stock valued at $2,877,000 after purchasing an additional 11,755 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its position in shares of Boston Beer by 42.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 113,804 shares of the company’s stock valued at $21,715,000 after purchasing an additional 34,070 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SAM shares. Evercore ISI lowered their price objective on Boston Beer from $275.00 to $250.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Morgan Stanley lowered their price target on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Citigroup downgraded Boston Beer from a “buy” rating to a “neutral” rating and dropped their price target for the company from $255.00 to $235.00 in a research report on Monday, October 6th. Sanford C. Bernstein set a $230.00 price objective on shares of Boston Beer and gave the stock a “market perform” rating in a research report on Monday, July 28th. Finally, UBS Group raised their target price 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. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $250.65.

Insiders Place Their Bets

In related news, Director Michael Spillane sold 3,120 shares of the firm’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 transaction of $642,033.60. Following the transaction, the director directly owned 10,877 shares in the company, valued at $2,238,269.06. This trade represents a 22.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.10% of the stock is owned by corporate insiders.

Boston Beer Stock Performance

SAM stock opened at $196.21 on Wednesday. The firm has a market cap of $2.09 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.85 and a beta of 0.91. The firm’s fifty day moving average is $215.26 and its 200 day moving average is $215.95. The Boston Beer Company, Inc. has a 52 week low of $185.34 and a 52 week high of $323.98.

Boston Beer (NYSE:SAM) last posted 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 net margin of 4.38% and a return on equity of 12.29%. The business had revenue of $537.49 million during the quarter, compared to analyst estimates of $542.97 million. During the same period in the prior year, the business posted $2.86 earnings per share. The company’s revenue was down 11.2% on a year-over-year basis. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Boston Beer Profile

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.