Wealth Enhancement Advisory Services LLC Purchases 448 Shares of The Boston Beer Company, Inc. $SAM

Wealth Enhancement Advisory Services LLC grew its position in The Boston Beer Company, Inc. (NYSE:SAM) by 28.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,022 shares of the company’s stock after buying an additional 448 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Boston Beer were worth $407,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SAM. First Horizon Advisors Inc. increased its position in Boston Beer by 24.4% in the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company’s stock worth $51,000 after purchasing an additional 42 shares during the period. US Bancorp DE boosted its stake in shares of Boston Beer by 23.5% in the 1st quarter. US Bancorp DE now owns 336 shares of the company’s stock valued at $80,000 after purchasing an additional 64 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Boston Beer by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 19,912 shares of the company’s stock worth $4,756,000 after buying an additional 79 shares during the period. UMB Bank n.a. grew its position in shares of Boston Beer by 35.7% during the 1st quarter. UMB Bank n.a. now owns 331 shares of the company’s stock worth $79,000 after buying an additional 87 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Boston Beer by 4.6% during the first quarter. Victory Capital Management Inc. now owns 2,226 shares of the company’s stock worth $532,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SAM. Citigroup cut shares of Boston Beer from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $255.00 to $235.00 in a research note on Monday. Morgan Stanley cut their price target on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boston Beer in a research note on Saturday, September 27th. The Goldman Sachs Group dropped their price objective on Boston Beer from $219.00 to $187.00 and set a “sell” rating for the company in a report on Monday, June 23rd. Finally, Jefferies Financial Group reduced their target price on Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $250.18.

Insider Buying and Selling at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were 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 directly owned 9,715 shares of the company’s stock, valued at $2,129,916.60. This trade represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.10% of the stock is owned by corporate insiders.

Boston Beer Price Performance

SAM opened at $217.66 on Tuesday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.93 and a beta of 0.83. The business’s 50-day moving average price is $219.01 and its two-hundred day moving average price is $222.18. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $329.55.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, topping the consensus estimate of $4.37 by $1.08. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The company had revenue of $587.95 million during the quarter, compared to analysts’ expectations of $599.18 million. During the same period in the prior year, the firm earned $4.39 earnings per share. Boston Beer’s revenue for the quarter was up 1.5% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Sell-side analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share 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.