Buyback Radar
Company reports

Boston Beer

SAM

Boston Beer has retired 44.7% of its shares since 1999, from 18,617,031 to 10,291,681.

44.7%retired since 1999
16.2%last 5 years
6.1%last 12 months
10Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 200219M shares, 199910M200020052010201520202025
1999, 18,617,0312026-07-17, 10,291,681

Early years use the fiscal-year average share count from the 10-K.

A share bought in 1999
1.8× more of Boston Beer today, without buying another share. It was one of 18,617,031 shares then. It is one of 10,291,681 now.
Every filing we read23 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19992000-03-1418,617,03110-Kcover page
20002001-03-0716,478,11810-K405cover page
20012002-03-1816,353,37810-K405cover page
20022003-03-1915,524,69210-Kcover page
20032004-03-0413,494,96510-Kcover page
20042005-03-0814,285,01810-Kcover page
20052006-03-0813,957,24810-Kcover page
20062007-03-0914,268,67110-Kcover page
20072008-03-0713,828,92110-Kcover page
20082009-03-0614,256,02610-Kcover page
20092010-03-0514,019,23010-Kcover page
20102010-12-2513,660,00010-Kfiscal-year average
20112011-12-3113,012,00010-Kfiscal-year average
20162016-12-3112,597,00010-Kfiscal-year average
20172017-12-3012,102,00010-Kfiscal-year average
20182018-12-2911,733,00010-Kfiscal-year average
20192019-12-2811,886,00010-Kfiscal-year average
20202020-12-2612,204,00010-Kfiscal-year average
20212021-12-2512,280,00010-Kfiscal-year average
20222022-12-3112,317,00010-Kfiscal-year average
20232023-12-3012,243,00010-Kfiscal-year average
20242024-12-2811,774,00010-Kfiscal-year average
20252025-12-2710,960,00010-Kfiscal-year average

Source: all 10-K filings of Boston Beer on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Boston Beer buybacks, answered

Is Boston Beer buying back its stock?

Yes. Boston Beer has 6.1% fewer shares outstanding than twelve months ago, 10,291,681 as of July 17, 2026. Over five years the share count is down 16.2%.

How many shares has Boston Beer bought back?

Net of every new share it issued, Boston Beer has 8.3 million fewer shares than at its 1999 peak. That is 44.7% of the company.

How many shares does Boston Beer have outstanding?

10,291,681 shares, as of July 17, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 18,617,031.

What do Boston Beer's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Boston Beer stock in 1999 owns 1.8 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Boston Beer compare with other cannibal stocks?

Boston Beer ranks No. 93 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Citigroup (44.8%), Gartner (44.8%), Sirius XM (44.7%), MGIC Investment (44.7%).

Every answer is computed from Boston Beer's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Mason HawkinsSoutheastern Asset Management146,043 shares, $25.9M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Boston Beer in depth on Cannibal Stocks.

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