The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,514 shares of the company's stock after selling 2,326 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Boston Beer were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SAM. GAMMA Investing LLC boosted its stake in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after purchasing an additional 48 shares during the last quarter. First Horizon Advisors Inc. boosted its stake 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 worth $52,000 after purchasing an additional 51 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Boston Beer by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company's stock worth $789,000 after purchasing an additional 65 shares during 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 purchasing an additional 68 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after purchasing an additional 73 shares during the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Boston Beer in a research note on Friday, April 25th. Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday, April 24th. 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 report on Thursday, April 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $279.00 price objective on shares of Boston Beer in a report on Tuesday, April 22nd. Finally, Morgan Stanley cut their price objective on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Boston Beer has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer Stock Up 1.7%

Shares of NYSE SAM traded up $4.07 during trading on Friday, reaching $249.59. 26,727 shares of the stock were exchanged, compared to its average volume of 165,248. The business's 50-day moving average price is $238.59 and its 200 day moving average price is $264.37. The Boston Beer Company, Inc. has a twelve month low of $215.10 and a twelve month high of $339.77. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

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