Stratos Wealth Partners LTD. Raises Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Stratos Wealth Partners LTD. increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 21.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,085 shares of the company’s stock after acquiring an additional 192 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Boston Beer were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its position in Boston Beer by 2.2% during the fourth quarter. New York State Teachers Retirement System now owns 13,633 shares of the company’s stock worth $4,711,000 after acquiring an additional 291 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Boston Beer during the fourth quarter worth approximately $64,490,000. Camelot Portfolios LLC boosted its position in Boston Beer by 69.0% during the fourth quarter. Camelot Portfolios LLC now owns 980 shares of the company’s stock worth $339,000 after acquiring an additional 400 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Boston Beer in the 4th quarter valued at $1,575,000. Finally, Schechter Investment Advisors LLC boosted its holdings in shares of Boston Beer by 5.9% in the 4th quarter. Schechter Investment Advisors LLC now owns 4,637 shares of the company’s stock valued at $1,603,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Insider Buying and Selling

In related news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction 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 sale, the insider now owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Carolyn L. O’boyle sold 102 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $350.72, for a total value of $35,773.44. Following the completion of the sale, the insider now owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The disclosure for this sale can be found here. 23.30% of the stock is currently owned by insiders.

Boston Beer Price Performance

Boston Beer stock opened at $285.65 on Monday. The Boston Beer Company, Inc. has a 12-month low of $284.70 and a 12-month high of $395.52. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02. The firm’s fifty day moving average price is $317.56 and its 200 day moving average price is $339.43.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($1.27). Boston Beer had a return on equity of 8.13% and a net margin of 3.61%. The firm had revenue of $393.72 million for the quarter, compared to analysts’ expectations of $413.57 million. During the same period last year, the firm earned ($0.93) EPS. The business’s quarterly revenue was down 12.0% on a year-over-year basis. Analysts forecast that The Boston Beer Company, Inc. will post 9.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Boston Beer from $285.00 to $275.00 and set an “underweight” rating on the stock in a report on Wednesday, February 28th. Roth Mkm lifted their price target on shares of Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Piper Sandler assumed coverage on shares of Boston Beer in a report on Friday, March 22nd. They issued an “overweight” rating and a $350.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $337.00 price target on shares of Boston Beer in a report on Wednesday, February 28th. Finally, UBS Group decreased their price target on shares of Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $337.36.

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.