Boston Beer
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 Q4 regulatory filings by fund managers ($100M+ AUM)
37% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 38
11% more capital invested
Capital invested by funds: $2.01B [Q3] → $2.23B (+$215M) [Q4]
8.26% more ownership
Funds ownership: 70.75% [Q3] → 79.01% (+8.26%) [Q4]
3% more funds holding
Funds holding: 329 [Q3] → 339 (+10) [Q4]
2% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 109
40% less call options, than puts
Call options by funds: $20.8M | Put options by funds: $34.7M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Michael Lavery 37% 1-year accuracy 22 / 60 met price target | 21%upside $275 | Neutral Downgraded | 23 Jan 2025 |
UBS Sean King 50% 1-year accuracy 1 / 2 met price target | 28%upside $290 | Neutral Maintained | 16 Jan 2025 |
Citigroup Filippo Falorni 35% 1-year accuracy 6 / 17 met price target | 28%upside $290 | Neutral Maintained | 15 Jan 2025 |
Financial journalist opinion
Based on 10 articles about SAM published over the past 30 days
