Smith Graham & Co. Investment Advisors LP grew its stake in Boston Beer Company Inc (NYSE:SAM) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,208 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Boston Beer accounts for approximately 1.0% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 20th biggest position. Smith Graham & Co. Investment Advisors LP owned approximately 0.47% of Boston Beer worth $10,550,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Endurance Wealth Management Inc. purchased a new stake in Boston Beer during the fourth quarter worth approximately $134,000. Acadian Asset Management LLC lifted its stake in Boston Beer by 75.9% during the fourth quarter. Acadian Asset Management LLC now owns 42,129 shares of the company’s stock worth $8,051,000 after purchasing an additional 18,175 shares during the last quarter. Cutler Group LP lifted its stake in Boston Beer by 303.8% during the fourth quarter. Cutler Group LP now owns 2,650 shares of the company’s stock worth $506,000 after purchasing an additional 3,950 shares during the last quarter. Profit Investment Management LLC lifted its stake in Boston Beer by 6.9% during the fourth quarter. Profit Investment Management LLC now owns 14,732 shares of the company’s stock worth $2,815,000 after purchasing an additional 947 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Boston Beer by 2.2% during the fourth quarter. Confluence Investment Management LLC now owns 27,257 shares of the company’s stock worth $5,208,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.
Several equities research analysts recently weighed in on SAM shares. Citigroup boosted their target price on Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a research note on Monday, October 30th. Credit Suisse Group boosted their target price on Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Stifel Nicolaus started coverage on Boston Beer in a research note on Tuesday, December 5th. They set a “hold” rating and a $166.00 target price for the company. Finally, TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a strong buy rating to the company’s stock. Boston Beer presently has an average rating of “Hold” and an average price target of $158.55.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. During the same quarter in the previous year, the business earned $2.48 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts anticipate that Boston Beer Company Inc will post 6.22 EPS for the current fiscal year.
In other news, CMO Jonathan N. Potter sold 439 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total value of $75,464.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $195.00, for a total value of $195,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,420 shares of company stock valued at $14,483,257. 28.50% of the stock is owned by company insiders.
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About Boston Beer
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
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