Rhumbline Advisers Has $6 Million Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Rhumbline Advisers lessened its position in The Boston Beer Company, Inc. (NYSE:SAM) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,129 shares of the company’s stock after selling 369 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Boston Beer worth $6,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after purchasing an additional 89 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of Boston Beer during the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. increased its position in shares of Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the last quarter. True Wealth Design LLC increased its position in shares of Boston Beer by 44.1% during the 4th quarter. True Wealth Design LLC now owns 232 shares of the company’s stock worth $70,000 after purchasing an additional 71 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Boston Beer by 67.9% during the 4th quarter. US Bancorp DE now owns 272 shares of the company’s stock worth $82,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Performance

SAM stock opened at $214.34 on Friday. The Boston Beer Company, Inc. has a fifty-two week low of $209.67 and a fifty-two week high of $329.55. The business’s 50 day moving average price is $236.46 and its two-hundred day moving average price is $253.49. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The firm had revenue of $481.36 million for the quarter, compared to the consensus estimate of $436.27 million. During the same quarter in the prior year, the business earned $1.04 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on SAM. Morgan Stanley lowered their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price target on shares of Boston Beer in a research report on Tuesday, April 22nd. Wall Street Zen raised Boston Beer from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Berenberg Bank began coverage on Boston Beer in a research report on Wednesday, April 2nd. They set a “hold” rating and a $281.10 price target on the stock. Finally, Citigroup boosted their price target on Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $286.12.

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.