Bokf Na Trims Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

BOKF NA cut its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 45.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,325 shares of the company's stock after selling 2,769 shares during the quarter. BOKF NA's holdings in Boston Beer were worth $997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAM. GAMMA Investing LLC increased its position in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after purchasing an additional 48 shares during the last quarter. 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. Exchange Traded Concepts LLC increased its position 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 valued at $789,000 after purchasing an additional 65 shares during the last quarter. Bank of Montreal Can increased its position 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 valued at $300,000 after purchasing an additional 68 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. 81.13% of the stock is owned by institutional investors.

Boston Beer Stock Performance

Shares of NYSE:SAM traded up $0.41 during midday trading on Monday, reaching $242.97. 137,371 shares of the company's stock traded hands, compared to its average volume of 167,560. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 1.23 and a beta of 1.14. The Boston Beer Company, Inc. has a one year low of $215.10 and a one year high of $339.77. The stock has a 50 day moving average of $238.11 and a 200 day moving average of $265.50.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SAM shares. Morgan Stanley decreased their target price on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $279.00 target price on shares of Boston Beer in a research report on Tuesday, April 22nd. UBS Group increased their price target on Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. StockNews.com upgraded Boston Beer from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $286.12.

Boston Beer Company 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.