Gilbert & Cook Inc. Sells 111 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Gilbert & Cook Inc. lowered its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 9.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,109 shares of the company’s stock after selling 111 shares during the quarter. Gilbert & Cook Inc.’s holdings in Boston Beer were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Boston Beer by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after buying an additional 21,060 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Boston Beer by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock worth $49,080,000 after purchasing an additional 7,615 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Boston Beer by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock valued at $40,720,000 after purchasing an additional 9,997 shares during the period. Charles Schwab Investment Management Inc. raised its position in Boston Beer by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 107,312 shares of the company’s stock valued at $37,086,000 after purchasing an additional 3,382 shares during the last quarter. Finally, Armistice Capital LLC bought a new position in Boston Beer during the 4th quarter valued at approximately $21,499,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Trading Up 0.6 %

NYSE SAM opened at $271.72 on Tuesday. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $395.52. The stock’s fifty day moving average price is $282.18 and its 200-day moving average price is $290.45. The stock has a market cap of $3.25 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.11 and a beta of 1.03.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The firm had revenue of $579.10 million for the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.72 earnings per share. As a group, analysts forecast that The Boston Beer Company, Inc. will post 9.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler reduced their target price on Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Roth Mkm decreased their price objective on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating for the company in a report on Friday, July 26th. Morgan Stanley raised shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price on the stock in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group raised Boston Beer from a “hold” rating to a “buy” rating and lifted their price objective for the company from $335.00 to $360.00 in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $326.92.

Boston Beer 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.