2,600 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in The Boston Beer Company, Inc. (NYSE:SAM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,600 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in Boston Beer by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 2,759 shares of the company’s stock worth $1,075,000 after buying an additional 34 shares during the period. Cardinal Capital Management boosted its holdings in Boston Beer by 1.3% in the 4th quarter. Cardinal Capital Management now owns 2,784 shares of the company’s stock worth $962,000 after buying an additional 36 shares during the period. Covestor Ltd boosted its holdings in Boston Beer by 88.4% in the 3rd quarter. Covestor Ltd now owns 81 shares of the company’s stock worth $32,000 after buying an additional 38 shares during the period. Financial Counselors Inc. boosted its holdings in Boston Beer by 1.4% in the 3rd quarter. Financial Counselors Inc. now owns 6,166 shares of the company’s stock worth $2,402,000 after buying an additional 85 shares during the period. Finally, Simmons Bank boosted its holdings in Boston Beer by 1.3% in the 3rd quarter. Simmons Bank now owns 6,882 shares of the company’s stock worth $2,681,000 after buying an additional 91 shares during the period. 81.13% of the stock is owned by institutional investors.

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 value of $30,652.49. Following the transaction, the insider now owns 7,029 shares in the company, valued at approximately $2,133,231.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $30,652.49. Following the transaction, the insider now owns 7,029 shares in the company, valued at approximately $2,133,231.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Carolyn L. O’boyle sold 102 shares of Boston Beer stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total transaction of $35,773.44. Following the completion of the transaction, the insider now owns 2,630 shares in the company, valued at approximately $922,393.60. The disclosure for this sale can be found here. 23.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SAM has been the subject of several analyst reports. Piper Sandler initiated coverage on shares of Boston Beer in a report on Friday, March 22nd. They issued an “overweight” rating and a $350.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $337.00 price target on shares of Boston Beer in a report on Wednesday, February 28th. Roth Mkm raised 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. The Goldman Sachs Group cut their price target 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. Finally, Citigroup cut their price target on shares of Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $334.86.

Boston Beer Stock Performance

NYSE SAM opened at $287.22 on Friday. The Boston Beer Company, Inc. has a 52-week low of $274.78 and a 52-week high of $395.52. The company has a market capitalization of $3.45 billion, a P/E ratio of 46.33, a P/E/G ratio of 1.16 and a beta of 1.02. The company has a fifty day moving average of $306.46 and a 200-day moving average of $334.48.

Boston Beer (NYSE:SAM) last issued its earnings results on Tuesday, February 27th. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($1.27). The business had revenue of $393.72 million during the quarter, compared to analysts’ expectations of $413.57 million. Boston Beer had a return on equity of 8.13% and a net margin of 3.61%. Boston Beer’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.93) EPS. As a group, analysts forecast that The Boston Beer Company, Inc. will post 9.98 EPS for the current fiscal year.

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.