Boston BeerSAM
Market Cap: $3.33B
About: Boston Beer is a top player in high-end malt beverages and adjacent categories in the us, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the us.
Employees: 2,679
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
14% more call options, than puts
Call options by funds: $80.8M | Put options by funds: $71.1M
2% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 50
0% more funds holding
Funds holding: 321 [Q1] → 322 (+1) [Q2]
2% less capital invested
Capital invested by funds: $2.23B [Q1] → $2.17B (-$52.8M) [Q2]
1.35% less ownership
Funds ownership: 73.45% [Q1] → 72.1% (-1.35%) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 123
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Roth MKM Bill Kirk 45% 1-year accuracy 10 / 22 met price target | 37%upside $389 | Buy Maintained | 26 Jul 2024 |
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 12%upside $318 | Sector Perform Maintained | 26 Jul 2024 |
Piper Sandler Michael Lavery 67% 1-year accuracy 20 / 30 met price target | 14%upside $325 | Overweight Maintained | 26 Jul 2024 |
Deutsche Bank Steve Powers 93% 1-year accuracy 13 / 14 met price target | 0%downside $283 | Hold Maintained | 17 Jul 2024 |
Piper Sandler Michael Lavery 67% 1-year accuracy 20 / 30 met price target | 21%upside $344 | Overweight Maintained | 12 Jul 2024 |