Boston Beer Company announces CEO Michael Spillane’s resignation, with founder Jim Koch to assume the role on August 15, 2025.
Quiver AI Summary
The Boston Beer Company announced a leadership change, effective August 15, 2025, with Michael Spillane stepping down as CEO to focus on personal matters while remaining on the board of directors as a non-executive member. Jim Koch, the company's founder and current chairman, will return as CEO, a position he held from 1984 until 2001. Koch praised Spillane for his steady leadership during a challenging time for the industry, which contributed to a profitable second quarter. Spillane expressed gratitude for the support he received at Boston Beer and looks forward to continuing his contributions from the board. The Boston Beer Company, established in 1984, is known for its quality craft beers and innovative beyond-beer products, including hard cider and hard seltzer.
Potential Positives
- Jim Koch's return as CEO brings a wealth of experience and continuity, given his long history with the company since its founding and previous role as CEO.
- The company has reported one of its most profitable quarters in years under the leadership of Michael Spillane, indicating strong performance and potential for ongoing success.
- Michael Spillane will continue to influence the company's strategy as a non-executive director, ensuring a smooth transition and ongoing support for leadership initiatives.
Potential Negatives
- Leadership transition may indicate potential instability within the company's management, as the CEO is stepping down unexpectedly to focus on personal matters.
- The need for a leadership change less than two years after Spillane took over as CEO may raise concerns about the company's strategic direction and management continuity.
- Concern about employee morale and confidence in leadership might arise with Spillane's departure, especially given his relatively short tenure as CEO.
FAQ
What led to the leadership change at Boston Beer Company?
Michael Spillane has decided to step down as CEO to focus on personal matters while remaining on the board.
Who will become the new CEO of Boston Beer Company?
Jim Koch, the founder and chairman, will assume the role of CEO effective August 15, 2025.
What achievements did Michael Spillane accomplish during his tenure?
Under Spillane's leadership, Boston Beer delivered one of its most profitable quarters in many years.
What is the history of Boston Beer Company?
Founded in 1984, Boston Beer Company started brewing Samuel Adams beer and has become a leading craft brewer.
What brands are included in Boston Beer Company's portfolio?
The company’s core brands include Samuel Adams, Angry Orchard, Truly Hard Seltzer, and Twisted Tea.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SAM Insider Trading Activity
$SAM insiders have traded $SAM stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SAM stock by insiders over the last 6 months:
- JEAN MICHEL VALETTE has made 0 purchases and 2 sales selling 3,500 shares for an estimated $799,575.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SAM Hedge Fund Activity
We have seen 168 institutional investors add shares of $SAM stock to their portfolio, and 157 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 650,767 shares (-92.5%) from their portfolio in Q1 2025, for an estimated $155,429,190
- AQR CAPITAL MANAGEMENT LLC removed 305,008 shares (-72.2%) from their portfolio in Q1 2025, for an estimated $72,848,110
- COOPER CREEK PARTNERS MANAGEMENT LLC added 207,259 shares (+248.2%) to their portfolio in Q1 2025, for an estimated $49,501,739
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 178,229 shares (+inf%) to their portfolio in Q1 2025, for an estimated $42,568,214
- BLACKROCK, INC. added 176,971 shares (+22.9%) to their portfolio in Q1 2025, for an estimated $42,267,753
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$SAM Analyst Ratings
Wall Street analysts have issued reports on $SAM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 07/15/2025
- Goldman Sachs issued a "Sell" rating on 06/23/2025
- Roth MKM issued a "Buy" rating on 02/26/2025
To track analyst ratings and price targets for $SAM, check out Quiver Quantitative's $SAM forecast page.
$SAM Price Targets
Multiple analysts have issued price targets for $SAM recently. We have seen 9 analysts offer price targets for $SAM in the last 6 months, with a median target of $230.0.
Here are some recent targets:
- Eric Serotta from Morgan Stanley set a target price of $245.0 on 07/25/2025
- Eric Serotta from Evercore ISI Group set a target price of $250.0 on 07/25/2025
- Sean King from UBS set a target price of $214.0 on 07/17/2025
- Filippo Falorni from Citigroup set a target price of $230.0 on 07/15/2025
- Nadine Sarwat from Bernstein set a target price of $230.0 on 07/09/2025
- Bonnie Herzog from Goldman Sachs set a target price of $187.0 on 06/23/2025
- Nik Modi from RBC Capital set a target price of $279.0 on 04/22/2025
Full Release
Boston, Aug. 01, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company (NYSE: SAM) today announced a leadership change effective August 15, 2025. Michael Spillane has decided to step down as CEO to focus on important personal matters. He will remain on the company’s board of directors, on which he has served since 2014, now in the capacity of a non-executive director.
Jim Koch, Boston Beer founder, brewer and chairman of the board, will assume the role of CEO. Koch was previously CEO of Boston Beer from its founding in 1984 until January 2001 and has remained chairman since 1984.
“Michael has been with Boston Beer for nearly 10 years, first as a board member and most recently as CEO for the past year and a half,” said Koch. “He’s given us a steady leadership hand during a dynamic time for our industry, and under his guidance, we delivered one of our most profitable quarters in many years in the second quarter. I appreciate everything Michael has done for us, and we're thrilled he’s going to continue to help shape our strategy as a member of our board of directors. I am confident in the strength of our management team and Boston Beer’s strategic direction and remain committed to delivering long-term value for shareholders.”
“After careful reflection, I’ve decided to take a step back to focus on some important personal matters,” said Spillane. “Since joining Boston Beer, I’ve seen the company revolutionize the craft beer and flavored malt beverage categories. It’s an amazing company with a great future and I look forward to contributing to its success from my seat on the board. I’d like to thank Jim, the board, the executive team, and all of Boston Beer’s coworkers for their friendship and support.”
About the Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 brewing Samuel Adams beer and has since grown to become one of the largest and most respected craft brewers in the United States. We consistently offer the highest-quality products to our drinkers, and we apply what we’ve learned from making great-tasting craft beer to making great-tasting and innovative “beyond beer” products. Boston Beer Company has pioneered not only craft beer but also hard cider, hard seltzer, and hard tea. Our core brands include household names like Angry Orchard Hard Cider, Dogfish Head, Samuel Adams, Sun Cruiser, Truly Hard Seltzer and Twisted Tea Hard Iced Tea. We have taprooms and hospitality locations in California, Delaware, Massachusetts, New York, and Ohio. For more information, please visit our website at www.bostonbeer.com , which includes links to our respective brand websites.
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