The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 84.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 960 shares of the company’s stock after selling 5,202 shares during the quarter. XTX Topco Ltd’s holdings in Boston Beer were worth $229,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can increased its holdings in Boston Beer by 7.3% during the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company’s stock worth $300,000 after purchasing an additional 68 shares during the last quarter. Raymond James Financial Inc. bought a new position in Boston Beer during the 4th quarter worth $243,000. Sterling Capital Management LLC grew its stake in shares of Boston Beer by 45.7% in the fourth quarter. Sterling Capital Management LLC now owns 453 shares of the company’s stock worth $136,000 after purchasing an additional 142 shares in the last quarter. Barclays PLC grew its stake in shares of Boston Beer by 65.0% in the fourth quarter. Barclays PLC now owns 21,428 shares of the company’s stock worth $6,428,000 after purchasing an additional 8,440 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Boston Beer by 27.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 15,670 shares of the company’s stock worth $4,701,000 after purchasing an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 3.3%

NYSE:SAM opened at $221.01 on Wednesday. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $329.55. The stock’s 50 day moving average price is $205.21 and its two-hundred day moving average price is $226.66.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 24th. The company reported $5.45 EPS for the quarter, topping the consensus estimate of $4.37 by $1.08. The company had revenue of $587.95 million during the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.39 EPS. As a group, analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Annette N. Fritsch sold 600 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the transaction, the vice president owned 9,715 shares of the company’s stock, valued at approximately $2,129,916.60. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group decreased their price target on Boston Beer from $275.00 to $214.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Evercore ISI cut their price objective on Boston Beer from $275.00 to $250.00 and set an “in-line” rating for the company in a report on Friday, July 25th. Needham & Company LLC restated a “hold” rating on shares of Boston Beer in a report on Friday, April 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $279.00 price target on shares of Boston Beer in a research note on Tuesday, April 22nd. Finally, Piper Sandler decreased their price objective on Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $258.09.

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.