Legal & General Group Plc trimmed its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,056 shares of the company's stock after selling 1,073 shares during the quarter. Legal & General Group Plc owned about 0.12% of Boston Beer worth $4,217,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after buying an additional 48 shares during the last quarter. First Horizon Advisors Inc. grew 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 period. Exchange Traded Concepts LLC increased its holdings 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 in the last quarter. Bank of Montreal Can lifted its stake in shares of Boston Beer by 7.3% in 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 period. Finally, Blue Trust Inc. boosted its holdings 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 buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.
Boston Beer Stock Up 3.6 %
SAM traded up $8.64 during trading on Friday, reaching $251.04. The company's stock had a trading volume of 240,609 shares, compared to its average volume of 172,493. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.23 and a beta of 1.26. The firm has a fifty day simple moving average of $236.30 and a two-hundred day simple moving average of $269.02. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77.
Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The company had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. As a group, equities analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on SAM. UBS Group upped 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 from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Piper Sandler reduced their target price on Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 price target on shares of Boston Beer in a research note on Tuesday. Finally, StockNews.com cut shares of Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Boston Beer presently has an average rating of "Hold" and an average price target of $290.01.
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About Boston Beer
(
Free Report)
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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