XTX Topco Ltd Has $229,000 Position in The Boston Beer Company, Inc. (NYSE:SAM)

Key Points

• XTX Topco Ltd significantly reduced its stake in The Boston Beer Company, selling 5,202 shares and lowering its holdings by 84.4%, leaving it with 960 shares valued at $229,000.
• Boston Beer reported $5.45 EPS for the recent quarter, exceeding estimates of $4.37, although its revenue of $587.95 million fell short of the $599.18 million target.
• Several analysts have downgraded Boston Beer’s stock price target, with UBS Group lowering it from $275.00 to $214.00, while the majority of analysts maintain a consensus rating of "Hold."

XTX Topco Ltd cut its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 84.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 960 shares of the company's stock after selling 5,202 shares during the quarter. XTX Topco Ltd's holdings in Boston Beer were worth $229,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its stake in shares of Boston Beer by 4.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company's stock valued at $211,030,000 after purchasing an additional 29,412 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Boston Beer by 19.8% in the fourth quarter. AQR Capital Management LLC now owns 422,217 shares of the company's stock valued at $125,821,000 after purchasing an additional 69,778 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Boston Beer by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company's stock valued at $67,723,000 after purchasing an additional 19,063 shares in the last quarter. Southernsun Asset Management LLC raised its stake in shares of Boston Beer by 1.6% in the fourth quarter. Southernsun Asset Management LLC now owns 121,972 shares of the company's stock valued at $36,589,000 after purchasing an additional 1,864 shares in the last quarter. Finally, J. Goldman & Co LP raised its stake in shares of Boston Beer by 251.8% in the fourth quarter. J. Goldman & Co LP now owns 119,687 shares of the company's stock valued at $35,904,000 after purchasing an additional 85,669 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAM. Evercore ISI cut their target price on Boston Beer from $275.00 to $250.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. Morgan Stanley cut their target price on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Needham & Company LLC reiterated a "hold" rating on shares of Boston Beer in a research note on Friday, April 25th. Finally, Citigroup dropped their price objective on Boston Beer from $285.00 to $230.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $258.09.

Boston Beer Price Performance

Shares of SAM stock traded up $0.25 during trading hours on Friday, hitting $220.00. 231,502 shares of the company's stock were exchanged, compared to its average volume of 303,834. The stock's 50-day moving average is $205.14 and its 200-day moving average is $226.19. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.84. The Boston Beer Company, Inc. has a 52 week low of $185.34 and a 52 week high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $1.08. The business had revenue of $587.95 million for the quarter, compared to analysts' expectations of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.39 earnings per share. Equities research analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $219.24, for a total value of $131,544.00. Following the transaction, the vice president owned 9,715 shares of the company's stock, valued at approximately $2,129,916.60. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 26.10% of the company's stock.

Boston Beer Profile

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.