Foguth Wealth Management LLC. Buys New Shares in The Boston Beer Company, Inc. (NYSE:SAM)

Foguth Wealth Management LLC. bought a new stake in The Boston Beer Company, Inc. (NYSE:SAM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 798 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trexquant Investment LP grew its stake in shares of Boston Beer by 136.3% during the fourth quarter. Trexquant Investment LP now owns 13,171 shares of the company’s stock valued at $4,552,000 after buying an additional 7,598 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Boston Beer by 26.5% during the third quarter. Wellington Management Group LLP now owns 66,548 shares of the company’s stock worth $25,922,000 after purchasing an additional 13,951 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Boston Beer during the fourth quarter worth about $1,010,000. International Assets Investment Management LLC purchased a new stake in shares of Boston Beer during the fourth quarter worth about $64,490,000. Finally, Amica Mutual Insurance Co. purchased a new stake in shares of Boston Beer during the fourth quarter worth about $1,109,000. 81.13% of the stock is owned by institutional investors.

Boston Beer Stock Up 0.9 %

Shares of NYSE SAM traded up $2.69 on Friday, reaching $305.05. 328,420 shares of the company’s stock traded hands, compared to its average volume of 262,282. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $395.52. The business’s 50 day simple moving average is $284.96 and its two-hundred day simple moving average is $313.58. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.96. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. The business had revenue of $426.05 million during the quarter, compared to the consensus estimate of $414.18 million. Analysts forecast that The Boston Beer Company, Inc. will post 10.25 earnings per share for the current fiscal year.

Insider Activity at Boston Beer

In related news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, 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 is available through this hyperlink. 23.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAM. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price for the company in a report on Wednesday, June 5th. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. The Goldman Sachs Group lowered their price objective on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a report on Tuesday, April 9th. Evercore ISI raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Boston Beer from a “sell” rating to a “hold” rating and set a $273.00 price objective for the company in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $335.00.

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.