Wealth Enhancement Advisory Services LLC Buys 1,228 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Wealth Enhancement Advisory Services LLC lifted its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,942 shares of the company's stock after buying an additional 1,228 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Boston Beer worth $2,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SAM. Blue Trust Inc. increased its stake in Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after acquiring an additional 73 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after purchasing an additional 89 shares during the period. GeoWealth Management LLC bought a new position in shares of Boston Beer during the 4th quarter valued at approximately $35,000. First Horizon Advisors Inc. increased 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 purchasing an additional 51 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in 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 during the period. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAM has been the topic of a number of analyst reports. Piper Sandler cut their price objective on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. UBS Group increased their price objective on shares of Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Roth Mkm reissued a "buy" rating and issued a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of Boston Beer in a research note on Friday, April 25th. Finally, Berenberg Bank started coverage on Boston Beer in a report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price target on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $286.12.

Boston Beer Stock Up 0.1%

NYSE:SAM traded up $0.25 during midday trading on Friday, hitting $221.38. The stock had a trading volume of 163,772 shares, compared to its average volume of 154,964. The stock has a 50-day moving average of $239.02 and a 200 day moving average of $256.73. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 1.23 and a beta of 1.05. The Boston Beer Company, Inc. has a one year low of $215.10 and a one year high of $329.55.

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