Here’s Why You Should Invest in The Boston Beer Company (SAM)

Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” second-quarter 2023 investor letter. A copy of the same can be downloaded here. The fund delivered 3.70% in the second quarter compared to a 5.21% return for the Russell 2000 Index and 3.18% for the Russell 2000 Value Index. The portfolio’s differentiated holdings within the Financials and Real Estate sectors contributed to absolute and relative returns in the quarter, while lack of exposure to Health Care and relative overweight to Consumer Staples weighed on relative results. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Longleaf Partners Small-Cap Fund highlighted stocks like The Boston Beer Company, Inc. (NYSE:SAM) in the second quarter 2023 investor letter. Headquartered in Boston, Massachusetts, The Boston Beer Company, Inc. (NYSE:SAM) produces and markets alcoholic beverages. On September 7, 2023, The Boston Beer Company, Inc. (NYSE:SAM) stock closed at $369.02 per share. One-month return of The Boston Beer Company, Inc. (NYSE:SAM) was 2.32%, and its shares gained 7.96% of their value over the last 52 weeks. The Boston Beer Company, Inc. (NYSE:SAM) has a market capitalization of $4.515 billion.

Longleaf Partners Small-Cap Fund made the following comment about The Boston Beer Company, Inc. (NYSE:SAM) in its Q2 2023 investor letter:

“In the second quarter, we initiated three new positions, added to The Boston Beer Company, Inc. (NYSE:SAM). Founded in 1984 by Jim Koch, Boston Beer today includes original beer brand Samuel Adams, Twisted Tea (which has become the largest part of the value), regional craft beers like Dogfish Head, Angry Orchard cider and Truly Seltzer, where it is the number two player in its category. Boston Beer’s share price soared to over $1,200 per share amid a great “seltzer boom” in 2020, which ultimately proved to be a fad, providing us an opportunity to invest in this great business that has compounded over time at a double-digit compound annual growth rate (CAGR).”

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The Boston Beer Company, Inc. (NYSE:SAM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held The Boston Beer Company, Inc. (NYSE:SAM) at the end of second quarter which was 20 in the previous quarter.

We discussed The Boston Beer Company, Inc. (NYSE:SAM) in another article and shared the list of best largest craft breweries in the US by volume. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.