Raymond James & Associates Buys 124 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Raymond James & Associates boosted its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,126 shares of the company’s stock after acquiring an additional 124 shares during the quarter. Raymond James & Associates’ holdings in Boston Beer were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SAM. CWM LLC increased its stake in shares of Boston Beer by 264.2% during the 3rd quarter. CWM LLC now owns 193 shares of the company’s stock worth $75,000 after purchasing an additional 140 shares during the last quarter. HGK Asset Management Inc. grew its stake in Boston Beer by 19.3% in the 3rd quarter. HGK Asset Management Inc. now owns 1,597 shares of the company’s stock valued at $622,000 after buying an additional 258 shares during the last quarter. Mission Wealth Management LP acquired a new position in Boston Beer in the 3rd quarter valued at about $227,000. Dakota Wealth Management acquired a new position in Boston Beer in the 3rd quarter valued at about $273,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Boston Beer in the 3rd quarter valued at about $348,000. 81.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Boston Beer

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup decreased their price target on shares of Boston Beer from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. The Goldman Sachs Group decreased their price target on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a research note on Tuesday, April 9th. Piper Sandler began coverage on shares of Boston Beer in a research note on Friday, March 22nd. They issued an “overweight” rating and a $350.00 price target on the stock. Roth Mkm increased their target price on shares of Boston Beer from $406.00 to $422.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $337.00 target price on shares of Boston Beer 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 given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $335.21.

Boston Beer Trading Down 1.4 %

NYSE SAM opened at $283.20 on Friday. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.18 and a beta of 1.02. The firm’s 50 day simple moving average is $303.71 and its 200 day simple moving average is $333.44. The Boston Beer Company, Inc. has a 1 year low of $274.78 and a 1 year high of $395.52.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.96. The business had revenue of $426.05 million for the quarter, compared to analyst estimates of $414.18 million. Boston Beer had a net margin of 4.60% and a return on equity of 10.00%. On average, equities research analysts forecast that The Boston Beer Company, Inc. will post 9.9 earnings per share for the current year.

Boston Beer Company 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.