Boston Beer Company (SAM) Slid Due to Macro Concerns

Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 2.70% in the second quarter, compared to the Russell 3000’s 10.99% return and the Russell 2000’s 8.50% gain. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its second-quarter 2025 investor letter, Longleaf Partners Small-Cap Fund highlighted stocks such as The Boston Beer Company, Inc. (NYSE:SAM). The Boston Beer Company, Inc. (NYSE:SAM) is a beverage company that engages in the production and distribution of alcoholic beverages. The one-month return of The Boston Beer Company, Inc. (NYSE:SAM) was 8.19%, and its shares lost 20.57% of their value over the last 52 weeks. On August 20, 2025, The Boston Beer Company, Inc. (NYSE:SAM) stock closed at $218.33 per share, with a market capitalization of $2.377 billion.

Longleaf Partners Small-Cap Fund stated the following regarding The Boston Beer Company, Inc. (NYSE:SAM) in its second quarter 2025 investor letter:

“The Boston Beer Company, Inc. (NYSE:SAM) – US beverage company Boston Beer detracted in the quarter. The stock price has continued to be under pressure due to macro concerns around declining alcohol consumption trends noted above. The company did report a solid operational quarter and is focused on what is within its control by growing margins. The company still has a strong net cash balance sheet to protect the downside, and it is continuing to execute substantial share repurchase at accretive prices. It feels way in the past at this stock price, but it was just a year ago that Boston Beer was the subject of takeover rumors.”

Is Boston Beer Company, Inc. (SAM) the Best Alcohol Stock to Buy According to Billionaires?

A closeup shot of a beer tap pouring a golden lager.

The Boston Beer Company, Inc. (NYSE:SAM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held The Boston Beer Company, Inc. (NYSE:SAM) at the end of the first quarter, which was 29 in the previous quarter.  he Boston Beer Company, Inc.’s (NYSE:SAM) second quarter revenue rose 1.5%, driven by higher pricing and a more favorable product mix, though gains were tempered by lower volume. While we acknowledge the risk and potential of The Boston Beer Company, Inc. (NYSE:SAM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than The Boston Beer Company, Inc. (NYSE:SAM) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered The Boston Beer Company, Inc. (NYSE:SAM) and shared Longleaf Partners Small-Cap Fund’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 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.