CenterBook Partners LP purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,151 shares of the company's stock, valued at approximately $1,230,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of Boston Beer during the 1st quarter worth $25,000. GeoWealth Management LLC purchased a new position in shares of Boston Beer during the 4th quarter valued at $35,000. First Horizon Advisors Inc. lifted its stake in shares of Boston Beer by 24.4% during the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after buying an additional 42 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Boston Beer by 44.1% during the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock valued at $70,000 after buying an additional 71 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Boston Beer by 483.7% during the 1st quarter. Signaturefd LLC now owns 251 shares of the company's stock valued at $60,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on SAM shares. Evercore ISI lowered their target price on shares of Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Citigroup lowered their target price on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Royal Bank Of Canada restated a "sector perform" rating and set a $279.00 target price on shares of Boston Beer in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Boston Beer in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $258.09.
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Boston Beer Trading Down 1.6%
Shares of NYSE:SAM traded down $3.51 during trading on Friday, reaching $217.87. The company's stock had a trading volume of 234,462 shares, compared to its average volume of 298,436. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $329.55. The stock has a market capitalization of $2.43 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.84. The firm's 50 day simple moving average is $205.41 and its two-hundred day simple moving average is $227.05.
Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $4.37 by $1.08. The company had revenue of $587.95 million for the quarter, compared to analyst estimates of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.39 EPS. Research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.
Boston Beer Profile
(
Free Report)
The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.
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