Greenleaf Trust Decreases Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Greenleaf Trust reduced its position in The Boston Beer Company, Inc. (NYSE:SAM) by 14.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 753 shares of the company’s stock after selling 127 shares during the period. Greenleaf Trust’s holdings in Boston Beer were worth $248,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Boston Beer by 2.5% during the third quarter. Commonwealth Equity Services LLC now owns 1,201 shares of the company’s stock worth $388,000 after acquiring an additional 29 shares during the last quarter. AMG National Trust Bank increased its stake in Boston Beer by 1.2% during the fourth quarter. AMG National Trust Bank now owns 3,037 shares of the company’s stock worth $1,001,000 after acquiring an additional 37 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Boston Beer by 9.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 450 shares of the company’s stock worth $148,000 after acquiring an additional 38 shares during the last quarter. CNB Bank increased its stake in Boston Beer by 11.0% during the first quarter. CNB Bank now owns 394 shares of the company’s stock worth $130,000 after acquiring an additional 39 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Boston Beer by 2.2% during the first quarter. Advisory Services Network LLC now owns 1,799 shares of the company’s stock worth $700,000 after acquiring an additional 39 shares during the last quarter. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boston Beer news, insider Samuel A. Calagione III sold 12,901 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $361.76, for a total transaction of $4,667,065.76. Following the completion of the sale, the insider now owns 82,050 shares in the company, valued at $29,682,408. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Samuel A. Calagione III sold 12,901 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $361.76, for a total transaction of $4,667,065.76. Following the completion of the sale, the insider now owns 82,050 shares in the company, valued at approximately $29,682,408. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John C. Geist sold 3,524 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $353.00, for a total value of $1,243,972.00. Following the sale, the insider now owns 5,573 shares of the company’s stock, valued at approximately $1,967,269. The disclosure for this sale can be found here. Insiders sold a total of 26,425 shares of company stock worth $9,324,538 over the last 90 days. Company insiders own 23.50% of the company’s stock.

Boston Beer Stock Up 0.6 %

Shares of NYSE:SAM opened at $357.53 on Tuesday. The Boston Beer Company, Inc. has a 52-week low of $296.27 and a 52-week high of $422.75. The stock has a market cap of $4.38 billion, a P/E ratio of 67.84, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07. The business’s 50 day moving average is $332.75 and its 200 day moving average is $327.68.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 27th. The company reported $4.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $1.27. The company had revenue of $603.30 million during the quarter, compared to analyst estimates of $590.03 million. Boston Beer had a return on equity of 7.94% and a net margin of 3.06%. Boston Beer’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.31 earnings per share. On average, sell-side analysts anticipate that The Boston Beer Company, Inc. will post 7.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAM has been the topic of several analyst reports. Evercore ISI reduced their price objective on Boston Beer from $330.00 to $320.00 and set an “in-line” rating on the stock in a research note on Friday, July 21st. Roth Capital raised Boston Beer from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 30th. Wedbush upped their target price on Boston Beer from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Deutsche Bank Aktiengesellschaft cut their target price on Boston Beer from $297.00 to $276.00 in a research note on Monday, July 17th. Finally, Royal Bank of Canada upped their target price on Boston Beer from $311.00 to $328.00 and gave the company a “sector perform” rating in a research note on Friday, July 28th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $318.21.

Boston Beer Company Profile

The Boston Beer Company, Inc engages in the production and sale of 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 Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Havana Lager brand names.