Amica Mutual Insurance Co. Purchases Shares of 3,208 The Boston Beer Company, Inc. (NYSE:SAM)

Amica Mutual Insurance Co. acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,208 shares of the company's stock, valued at approximately $1,109,000.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd grew its holdings in Boston Beer by 88.4% in the third quarter. Covestor Ltd now owns 81 shares of the company's stock worth $32,000 after purchasing an additional 38 shares during the period. First Command Advisory Services Inc. bought a new stake in Boston Beer in the 3rd quarter valued at about $56,000. DekaBank Deutsche Girozentrale acquired a new position in Boston Beer during the 3rd quarter worth approximately $59,000. CWM LLC boosted its holdings in Boston Beer by 264.2% in the third quarter. CWM LLC now owns 193 shares of the company's stock worth $75,000 after acquiring an additional 140 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new stake in Boston Beer in the third quarter valued at approximately $210,000. Institutional investors own 81.13% of the company's stock.

Insider Activity at Boston Beer

In other news, insider Carolyn L. O'boyle sold 101 shares of Boston Beer stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the transaction, the insider now owns 7,029 shares in the company, valued at $2,133,231.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Carolyn L. O'boyle sold 101 shares of Boston Beer stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the transaction, the insider now directly owns 7,029 shares in the company, valued at approximately $2,133,231.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn L. O'boyle sold 102 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total value of $35,773.44. Following the sale, the insider now owns 2,630 shares in the company, valued at approximately $922,393.60. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAM shares. Citigroup reduced their price target on shares of Boston Beer from $350.00 to $315.00 and set a "neutral" rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $337.00 target price on shares of Boston Beer in a report on Wednesday, February 28th. Piper Sandler began coverage on Boston Beer in a research note on Friday, March 22nd. They set an "overweight" rating and a $350.00 price target for the company. Morgan Stanley lowered their price objective on Boston Beer from $285.00 to $275.00 and set an "underweight" rating for the company in a research note on Wednesday, February 28th. Finally, Evercore ISI lifted their target price on Boston Beer from $310.00 to $325.00 and gave the company an "in-line" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Boston Beer presently has an average rating of "Hold" and a consensus price target of $335.21.

Boston Beer Stock Performance

SAM traded up $2.37 during midday trading on Monday, reaching $285.57. The company had a trading volume of 334,401 shares, compared to its average volume of 146,713. The business has a 50-day moving average price of $302.38 and a two-hundred day moving average price of $332.89. The Boston Beer Company, Inc. has a 12-month low of $274.78 and a 12-month high of $395.52. The stock has a market cap of $3.43 billion, a PE ratio of 35.83, a P/E/G ratio of 1.16 and a beta of 1.02.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.96. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. The business had revenue of $426.05 million during the quarter, compared to analyst estimates of $414.18 million. On average, research analysts anticipate that The Boston Beer Company, Inc. will post 9.91 earnings per share for the current year.

About Boston Beer

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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