The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,492 shares of the company's stock after selling 5,887 shares during the period. Los Angeles Capital Management LLC owned 0.17% of Boston Beer worth $7,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SAM. AQR Capital Management LLC boosted its position in shares of Boston Beer by 65.9% in the third quarter. AQR Capital Management LLC now owns 115,411 shares of the company's stock valued at $44,433,000 after acquiring an additional 45,864 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Boston Beer by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,930 shares of the company's stock valued at $40,484,000 after acquiring an additional 3,260 shares during the period. Northern Trust Corp boosted its position in shares of Boston Beer by 1.9% in the third quarter. Northern Trust Corp now owns 70,324 shares of the company's stock valued at $27,393,000 after acquiring an additional 1,315 shares during the period. Wellington Management Group LLP lifted its position in Boston Beer by 26.5% during the third quarter. Wellington Management Group LLP now owns 66,548 shares of the company's stock worth $25,922,000 after purchasing an additional 13,951 shares during the period. Finally, Invesco Ltd. lifted its position in Boston Beer by 21.0% during the third quarter. Invesco Ltd. now owns 48,969 shares of the company's stock worth $19,075,000 after purchasing an additional 8,484 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Boston Beer

In other news, insider Carolyn L. O'boyle sold 101 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the sale, the insider now directly owns 7,029 shares of the company's stock, valued at approximately $2,133,231.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 23.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler assumed coverage on Boston Beer in a research note on Friday, March 22nd. They issued an "overweight" rating and a $350.00 price objective for the company. Citigroup reduced their target price on Boston Beer from $350.00 to $315.00 and set a "neutral" rating on the stock in a report on Tuesday, April 16th. The Goldman Sachs Group reduced their target price on Boston Beer from $257.00 to $250.00 and set a "sell" rating on the stock in a report on Tuesday, April 9th. UBS Group reduced their target price on Boston Beer from $390.00 to $355.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Finally, Sanford C. Bernstein upgraded Boston Beer from an "underperform" rating to a "market perform" rating and upped their target price for the company from $280.00 to $335.00 in a report on Tuesday, January 16th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $335.21.

Boston Beer Stock Down 0.6 %

Shares of SAM traded down $1.70 during trading hours on Friday, hitting $277.28. The company had a trading volume of 165,133 shares, compared to its average volume of 175,638. The firm has a market cap of $3.33 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.04 and a beta of 1.03. The stock's 50 day moving average price is $296.61 and its 200 day moving average price is $330.59. The Boston Beer Company, Inc. has a 52-week low of $274.78 and a 52-week high of $395.52.

Boston Beer (NYSE:SAM - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.96. The company had revenue of $426.05 million for the quarter, compared to analysts' expectations of $414.18 million. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. On average, research analysts expect that The Boston Beer Company, Inc. will post 10.26 EPS for the current fiscal 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.