Los Angeles Capital Management LLC Sells 5,887 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Los Angeles Capital Management LLC reduced its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 22.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,492 shares of the company’s stock after selling 5,887 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Boston Beer were worth $7,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Amica Mutual Insurance Co. bought a new stake in shares of Boston Beer during the 4th quarter worth $1,109,000. Van ECK Associates Corp increased its holdings in Boston Beer by 11.3% during the fourth quarter. Van ECK Associates Corp now owns 8,166 shares of the company’s stock worth $2,822,000 after buying an additional 827 shares during the last quarter. Gilbert & Cook Inc. raised its position in Boston Beer by 8.3% in the fourth quarter. Gilbert & Cook Inc. now owns 1,204 shares of the company’s stock worth $416,000 after acquiring an additional 92 shares during the period. Russell Investments Group Ltd. boosted its stake in Boston Beer by 291.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $2,620,000 after acquiring an additional 5,645 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Boston Beer during the 4th quarter valued at approximately $1,010,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

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 dated Monday, April 1st. The stock was sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the transaction, the insider now owns 7,029 shares of the company’s stock, valued at $2,133,231.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.30% of the company’s stock.

Boston Beer Price Performance

NYSE SAM opened at $277.28 on Friday. The company’s 50 day simple moving average is $296.61 and its two-hundred day simple moving average is $330.87. The Boston Beer Company, Inc. has a 1 year low of $274.78 and a 1 year high of $395.52. The stock has a market capitalization of $3.33 billion, a PE ratio of 34.79, a P/E/G ratio of 1.04 and a beta of 1.03.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.96. The company had revenue of $426.05 million for the quarter, compared to the consensus estimate 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 anticipate that The Boston Beer Company, Inc. will post 10.26 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on SAM shares. Evercore ISI lifted their price target on shares of Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a report on Friday, April 26th. Piper Sandler assumed coverage on Boston Beer in a research report on Friday, March 22nd. They set an “overweight” rating and a $350.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $337.00 price objective on shares of Boston Beer in a report on Wednesday, February 28th. Sanford C. Bernstein raised shares of Boston Beer from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $280.00 to $335.00 in a report on Tuesday, January 16th. Finally, Roth Mkm increased their target price on shares of Boston Beer from $406.00 to $422.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $335.21.

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.