The Boston Beer Company, Inc. (SAM)

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. • Boston Brewing Company, Inc. ...

IRS number

43284048

SAM stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$272.50

Low target

$240.00

High target

$290.00

Latest filings (excl ownership)

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25 Feb 25

Boston Beer Reports Fourth Quarter Financial Results

25 Feb 25

8-K

Departure of Directors or Certain Officers

11 Feb 25

8-K

Boston Beer Updates 2024 Financial Guidance to Reflect Supplier Contract Amendment

24 Oct 24

Boston Beer Reports Third Quarter Financial Results

Boston Beer Appoints Joe Jordan and Biz Stone to Its Board of Directors

31 Jul 24

Transcripts

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SAM

Earnings call transcript

2024 Q4

25 Feb 25

SAM

Earnings call transcript

2024 Q3

24 Oct 24

SAM

Earnings call transcript

2024 Q2

25 Jul 24

SAM

Earnings call transcript

2024 Q1

25 Apr 24

SAM

Earnings call transcript

2023 Q4

27 Feb 24

SAM

Earnings call transcript

2023 Q3

26 Oct 23

SAM

Earnings call transcript

2023 Q2

27 Jul 23

SAM

Earnings call transcript

2023 Q2

27 Jul 23

SAM

Earnings call transcript

2023 Q1

27 Apr 23

SAM

Earnings call transcript

2022 Q4

15 Feb 23

Latest ownership filings

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Financial summary

Financial statements Chart SAM financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
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)	211.82 mm	211.82 mm	211.82 mm	211.82 mm	211.82 mm	211.82 mm
Cash burn (monthly)	14.59 mm	7.22 mm	18.68 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	35.54 mm	17.59 mm	45.48 mm	n/a	n/a	n/a
Cash remaining	176.28 mm	194.23 mm	166.34 mm	n/a	n/a	n/a
Runway (months of cash)	12.1	26.9	8.9	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

SAM institutional ownership history Ownership history

66.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	343	330	+3.9%
Opened positions	52	53	-1.9%
Closed positions	39	52	-25.0%
Increased positions	108	83	+30.1%
Reduced positions	110	118	-6.8%

13F shares	Current	Prev Q	Change
Total value	1.93 tn	1.75 tn	+10.2%
Total shares	7.45 mm	6.95 mm	+7.2%
Total puts	115.40 k	157.00 k	-26.5%
Total calls	68.30 k	147.10 k	-53.6%
Total put/call ratio	1.7	1.1	+58.3%

Largest owners	Shares	Value	Change
Vanguard	849.69 k	$254.89 bn	-3.6%
BlackRock	772.61 k	$231.77 bn	+0.8%
T. Rowe Price Investment Management	703.48 k	$211.03 mm	+4.4%
FMR	448.41 k	$134.51 bn	-10.5%
Aqr Capital Management	422.22 k	$125.82 bn	+19.8%
STT State Street	298.64 k	$89.59 bn	+2.0%
Dimensional Fund Advisors	225.76 k	$67.72 bn	+9.2%
UBS UBS	179.62 k	$53.88 bn	+229.9%
Fisher Asset Management	160.42 k	$48.12 bn	+27.1%
Geode Capital Management	144.58 k	$43.38 bn	-2.6%

Largest transactions	Shares	Bought/sold	Change
UBS UBS	179.62 k	+125.17 k	+229.9%
Norges Bank	102.48 k	+102.48 k	NEW
J. Goldman & Co	119.69 k	+85.67 k	+251.8%
Cooper Creek Partners Management	83.52 k	+83.52 k	NEW
Global Alpha Capital Management	77.83 k	+77.83 k	NEW
Freestone Grove Partners	71.38 k	+71.38 k	NEW
Aqr Capital Management	422.22 k	+69.78 k	+19.8%
FMR	448.41 k	-52.41 k	-10.5%
Citadel Advisors	37.73 k	-44.66 k	-54.2%
Jacobs Levy Equity Management	16.87 k	-35.70 k	-67.9%

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
1 Mar 25	Michael R. Crowley	Class A Common	Grant	Acquire A	No	No	0	8,207	0.00	10,947
1 Mar 25	Michael R. Crowley	Class A Common Stock	Payment of exercise	Dispose F	No	No	243.77	170	41.44 k	2,740
1 Mar 25	Carolyn L. O'Boyle	Class A Common	Grant	Acquire A	No	No	0	6,565	0.00	12,917
1 Mar 25	Carolyn L. O'Boyle	Class A Common	Payment of exercise	Dispose F	No	No	243.77	303	73.86 k	6,352
1 Mar 25	Carolyn L. O'Boyle	March 1, 2023 Stock Option Class A Common	Grant	Acquire A	No	No	323.8	565	182.95 k	565
1 Mar 25	Carolyn L. O'Boyle	March 1, 2021 Stock Option Class A Common	Grant	Acquire A	No	No	1028.71	156	160.48 k	467
1 Mar 25	Tara L. Heath	Class A Common	Grant	Acquire A	No	No	0	8,207	0.00	12,090
1 Mar 25	Tara L. Heath	Class A Common	Payment of exercise	Dispose F	No	No	243.77	157	38.27 k	3,883
1 Mar 25	Tara L. Heath	March 1, 2023 Stock Option Class A Common	Grant	Acquire A	No	No	323.8	360	116.57 k	360
1 Mar 25	Spillane Michael	Class A Common	Grant	Acquire A	No	No	0	4,103	0.00	10,673