The Boston Beer Company, Inc. $SAM Shares Sold by Wealth Enhancement Advisory Services LLC
by Scott Moore · The Cerbat GemWealth Enhancement Advisory Services LLC lowered its holdings in The Boston Beer Company, Inc. (NYSE:SAM – Free Report) by 34.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,190 shares of the company’s stock after selling 3,846 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Boston Beer were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SAM. Calamos Advisors LLC increased its position in Boston Beer by 12.1% in the third quarter. Calamos Advisors LLC now owns 65,364 shares of the company’s stock worth $13,819,000 after buying an additional 7,035 shares during the period. Savoir Faire Capital Management L.P. boosted its holdings in shares of Boston Beer by 28.4% during the third quarter. Savoir Faire Capital Management L.P. now owns 38,825 shares of the company’s stock valued at $8,208,000 after acquiring an additional 8,585 shares during the period. Savant Capital LLC acquired a new position in shares of Boston Beer during the third quarter valued at $2,030,000. American Century Companies Inc. grew its position in shares of Boston Beer by 35.7% during the third quarter. American Century Companies Inc. now owns 123,034 shares of the company’s stock worth $26,012,000 after acquiring an additional 32,382 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Boston Beer by 835.1% during the third quarter. SG Americas Securities LLC now owns 5,667 shares of the company’s stock worth $1,198,000 after acquiring an additional 5,061 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SAM has been the topic of a number of analyst reports. Morgan Stanley dropped their price objective on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings lowered shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Boston Beer from $226.00 to $211.00 and set a “hold” rating for the company in a research report on Monday, March 30th. UBS Group dropped their price target on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen cut Boston Beer from a “hold” rating to a “sell” rating in a report on Saturday. Ten analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $226.30.
Boston Beer Stock Performance
NYSE:SAM opened at $240.08 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.64 and a beta of 0.90. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $260.00. The business has a fifty day moving average of $230.47 and a 200-day moving average of $215.73.
Boston Beer (NYSE:SAM – Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.33) by $0.21. The business had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The company’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.
About Boston Beer
The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.
Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.
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