Duality Advisers LP Lowers Position in The Boston Beer Company, Inc. (NYSE:SAM)

Duality Advisers LP cut its position in The Boston Beer Company, Inc. (NYSE:SAM) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,646 shares of the company’s stock after selling 208 shares during the quarter. Duality Advisers LP’s holdings in Boston Beer were worth $1,951,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SAM. National Bank of Canada FI increased its holdings in shares of Boston Beer by 20.5% during the third quarter. National Bank of Canada FI now owns 664 shares of the company’s stock valued at $259,000 after acquiring an additional 113 shares in the last quarter. CWM LLC boosted its position in Boston Beer by 264.2% in the 3rd quarter. CWM LLC now owns 193 shares of the company’s stock worth $75,000 after purchasing an additional 140 shares in the last quarter. Global Retirement Partners LLC boosted its position in Boston Beer by 262.3% in the 3rd quarter. Global Retirement Partners LLC now owns 279 shares of the company’s stock worth $106,000 after purchasing an additional 202 shares in the last quarter. HGK Asset Management Inc. boosted its position in Boston Beer by 19.3% in the 3rd quarter. HGK Asset Management Inc. now owns 1,597 shares of the company’s stock worth $622,000 after purchasing an additional 258 shares in the last quarter. Finally, Mission Wealth Management LP purchased a new stake in Boston Beer in the 3rd quarter worth approximately $227,000. 81.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley lowered their price objective on Boston Beer from $285.00 to $275.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 28th. The Goldman Sachs Group decreased their target price on Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a research report on Tuesday, April 9th. Sanford C. Bernstein upgraded Boston Beer from an “underperform” rating to a “market perform” rating and increased their target price for the company from $280.00 to $335.00 in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $337.00 target price on shares of Boston Beer in a research report on Wednesday, February 28th. Finally, Piper Sandler assumed coverage on Boston Beer in a report on Friday, March 22nd. They issued an “overweight” rating and a $350.00 price objective on the stock. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $334.86.

Insider Buying and Selling

In related news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 directly owns 7,029 shares in the company, valued at approximately $2,133,231.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 directly owns 7,029 shares in the company, valued at approximately $2,133,231.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $350.72, for a total value of $35,773.44. Following the transaction, the insider now owns 2,630 shares of the company’s stock, valued at $922,393.60. The disclosure for this sale can be found here. Corporate insiders own 24.00% of the company’s stock.

Boston Beer Trading Up 0.8 %

Shares of NYSE:SAM opened at $289.18 on Tuesday. The business has a 50-day moving average price of $309.09 and a 200 day moving average price of $335.29. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 1.17 and a beta of 1.02. The Boston Beer Company, Inc. has a 12-month low of $274.78 and a 12-month high of $395.52.

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