Published on 2 May 2024 on Insider Monkey via Yahoo Finance
Should Investors be Confident in Boston Beer Company’s (SAM) Returns?
SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun SMID Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the strategy returned 8.53% on a gross basis (8.33% net) compared to a 6.92% return for the Russell 2500 Index and 6.07% for the Russell 2500 Value Index. The fund returned 22.95% on a gross basis (22.00% net) over the trailing 12 months compared to 21.43% and 21.33% returns for the indexes respectively over the same period. In addition, please check the top 5 holdings of the strategy to know its best pick in 2024.
SouthernSun SMID Cap Strategy featured stocks like The Boston Beer Company, Inc. (NYSE:SAM) in the first quarter 2024 investor letter. Headquartered in Boston, Massachusetts, The Boston Beer Company, Inc. (NYSE:SAM) produces and sells alcoholic beverages. On May 1, 2024, The Boston Beer Company, Inc. (NYSE:SAM) stock closed at $276.57 per share. One-month return of The Boston Beer Company, Inc. (NYSE:SAM) was -5.50%, and its shares lost 8.09% of their value over the last 52 weeks. The Boston Beer Company, Inc. (NYSE:SAM) has a market capitalization of $3.347 billion.