Wealth Enhancement Advisory Services LLC Has $2.08 Million Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,942 shares of the company's stock after purchasing an additional 1,228 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of Boston Beer worth $2,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC boosted its holdings in Boston Beer by 10.3% during the fourth quarter. Lazard Asset Management LLC now owns 515 shares of the company's stock worth $153,000 after buying an additional 48 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock valued at $52,000 after acquiring an additional 51 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Boston Beer by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock worth $381,000 after acquiring an additional 56 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Boston Beer by 7.3% during the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company's stock worth $300,000 after acquiring an additional 68 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Boston Beer by 44.1% in the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock worth $70,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SAM. Piper Sandler decreased their price target on Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. UBS Group raised their target price on shares of Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Berenberg Bank began coverage on shares of Boston Beer in a report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price target on the stock. Wall Street Zen upgraded shares of Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Boston Beer has a consensus rating of "Hold" and an average price target of $286.12.

Boston Beer Stock Down 1.4%

Shares of Boston Beer stock traded down $3.09 on Monday, hitting $218.41. 210,147 shares of the company traded hands, compared to its average volume of 155,362. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $329.55. The company has a market cap of $2.43 billion, a PE ratio of 32.12, a PEG ratio of 1.23 and a beta of 1.05. The company has a 50-day moving average price of $238.58 and a 200 day moving average price of $255.37.

Boston Beer (NYSE:SAM - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The company had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. During the same period in the prior year, the firm posted $1.04 EPS. The business's revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

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.