Boston Beer (SAM)

Company Profile

The Boston Beer Company is an American brewery founded in 1984. Their first brand of beer was named Samuel Adams after Founding Father Samuel Adams, an American revolutionary patriot. Since its founding, Boston Beer has started several other brands, and in 2019 completed a merger with Dogfish Head Brewery. The Boston Beer Company is the fourth largest brewer in the United States with products available throughout the United States and internationally.

Company profile

Ticker

SAM

Exchange

NYSE

Website

www.bostonbeer.com/

CEO

David Burwick

Incorporated

Massachusetts

Location

Massachusetts

Fiscal year end

Dec 31

Sector

Manufacturing > Breweries

Industry (SIC)

Malt Beverages

Molson Coors Beverage • CHINA NEW BORUN • BrewBilt Brewing • NewAge • I-ON Digital • Anheuser-Busch In Bev • United Breweries • Anheuser-busch Inbev ...

SEC CIK

0000949870

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

The Boston Beer Company, Inc. • American Craft Brewery LLC • (a Massachusetts limited • American Fermentation Company LLC • Angry Orchard Cider Company, LLC • (a Delaware limited • BBCCC, Inc. • (an Ontario, Canada • Boston Beer Corporation • Boston Beer Corporation Canada, Inc. ...

IRS number

43284048

SAM stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$324.60

Low target

$260.00

High target

$386.00

Latest filings (excl ownership)

View all

8-K

Boston Beer Appoints Phil Hodges

22 May 23

8-K

Departure of Directors or Certain Officers

27 Apr 23

Boston Beer Reports First Quarter Financial Results

27 Apr 23

ARS

2022 FY

Annual report to shareholders

6 Apr 23

DEFA14A

Additional proxy soliciting materials

6 Apr 23

Departure of Directors or Certain Officers

28 Mar 23

8-K

Departure of Directors or Certain Officers

Transcripts

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SAM

Earnings call transcript

2023 Q1

27 Apr 23

SAM

Earnings call transcript

2022 Q4

15 Feb 23

SAM

Earnings call transcript

2022 Q3

20 Oct 22

SAM

Earnings call transcript

2022 Q2

22 Jul 22

SAM

Earnings call transcript

2022 Q1

22 Apr 22

SAM

Earnings call transcript

2021 Q4

17 Feb 22

SAM

Earnings call transcript

2021 Q3

22 Oct 21

SAM

Earnings call transcript

2021 Q2

23 Jul 21

SAM

Earnings call transcript

2021 Q1

23 Apr 21

SAM

Earnings call transcript

2020 Q4

18 Feb 21

Latest ownership filings

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144

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart SAM financial data

Quarter (USD)	Apr 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	122.56 mm	122.56 mm	122.56 mm	122.56 mm	122.56 mm	122.56 mm
Cash burn (monthly)	19.33 mm	(no burn)	4.65 mm	(no burn)	5.94 mm	(no burn)
Cash used (since last report)	41.88 mm	n/a	10.07 mm	n/a	12.87 mm	n/a
Cash remaining	80.68 mm	n/a	112.49 mm	n/a	109.69 mm	n/a
Runway (months of cash)	4.2	n/a	24.2	n/a	18.5	n/a

Beta Read what these cash burn values mean

Financial data from Boston Beer earnings reports.

Institutional ownership, Q1 2023

SAM institutional ownership history Ownership history

78.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	294	311	-5.5%
Opened positions	35	58	-39.7%
Closed positions	52	33	+57.6%
Increased positions	92	90	+2.2%
Reduced positions	97	104	-6.7%

13F shares	Current	Prev Q	Change
Total value	2.62 tn	2.61 tn	+0.4%
Total shares	8.03 mm	8.15 mm	-1.4%
Total puts	361.70 k	499.80 k	-27.6%
Total calls	295.90 k	540.80 k	-45.3%
Total put/call ratio	1.2	0.9	+32.3%

Largest owners	Shares	Value	Change
FMR	1.50 mm	$494.47 bn	-1.9%
T. Rowe Price Investment Management	1.13 mm	$370.38 bn	-8.7%
Vanguard	907.69 k	$298.36 bn	+1.0%
BLK Blackrock	829.10 k	$272.53 bn	-1.6%
Champlain Investment Partners	261.66 k	$86.01 bn	-2.9%
STT State Street	260.05 k	$85.48 bn	+2.4%
Point72 Asset Management	182.71 k	$60.06 bn	NEW
Baird Financial	158.11 k	$51.97 bn	-3.1%
BK Bank Of New York Mellon	133.57 k	$43.90 bn	+5.1%
Fisher Asset Management	131.30 k	$42.95 bn	-5.5%

Largest transactions	Shares	Bought/sold	Change
Point72 Asset Management	182.71 k	+182.71 k	NEW
Southeastern Asset Management	108.55 k	+108.55 k	NEW
T. Rowe Price Investment Management	1.13 mm	-107.37 k	-8.7%
Candlestick Capital Management	105.00 k	+105.00 k	NEW
GS Goldman Sachs	42.86 k	-100.35 k	-70.1%
Epoch Investment Partners	24.24 k	-78.91 k	-76.5%
Holocene Advisors	68.31 k	+63.46 k	+1309.9%
Susquehanna International	53.05 k	+48.08 k	+966.4%
Jarislowsky, Fraser	0.00	-45.19 k	EXIT
MNGPF Man	0.00	-44.37 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SAM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 May 23	Philip A. Hodges	Class A Common	Grant	Acquire A	No	No	0	9,073	0.00	16,752
24 May 23	Philip A. Hodges	Class A Common	Grant	Acquire A	No	No	0	6,049	0.00	7,679
24 May 23	Philip A. Hodges	May 24, 2023 Stock Option Class A Common	Grant	Acquire A	No	No	330.68	13,439	4.44 mm	13,439
24 May 23	Philip A. Hodges	May 24, 2023 Performance-Based Stock Option Class A Common	Grant	Acquire A	No	No	330.68	6,348	2.10 mm	6,348
22 May 23	David A Burwick	Class A Common	Sell	Dispose S	No	Yes	326.38	1,644	536.57 k	47,910
22 May 23	David A Burwick	Class A Common	Option exercise	Acquire M	No	Yes	151.49	1,644	249.05 k	49,554
22 May 23	David A Burwick	May 29, 2013 Stock Option Class A Common	Option exercise	Dispose M	No	Yes	151.49	1,644	249.05 k	0
17 May 23	Nemeth Julio N	Class A Common	Grant	Dispose A	No	No	0	204	0.00	204
17 May 23	Nemeth Julio N	May 17, 2023 Stock Option Class A Common	Grant	Acquire A	No	No	319.16	417	133.09 k	417
17 May 23	Spillane Michael	Class A Common	Grant	Acquire A	No	No	0	204	0.00	204