The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in The Boston Beer Company, Inc. (NYSE:SAM) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,241 shares of the company’s stock after selling 75 shares during the period. Yousif Capital Management LLC’s holdings in Boston Beer were worth $1,120,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dakota Wealth Management acquired a new position in Boston Beer in the third quarter valued at $273,000. Stratos Wealth Partners LTD. purchased a new position in shares of Boston Beer during the 3rd quarter worth about $348,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Boston Beer by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,518 shares of the company’s stock worth $591,000 after acquiring an additional 196 shares during the last quarter. Simmons Bank grew its holdings in Boston Beer by 1.3% in the third quarter. Simmons Bank now owns 6,882 shares of the company’s stock valued at $2,681,000 after purchasing an additional 91 shares during the period. Finally, Assetmark Inc. increased its position in Boston Beer by 13.9% during the third quarter. Assetmark Inc. now owns 2,554 shares of the company’s stock worth $995,000 after purchasing an additional 311 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on shares of Boston Beer from $310.00 to $325.00 and gave the company an “in-line” rating in a report on Friday, April 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $337.00 price objective on shares of Boston Beer in a report on Wednesday, February 28th. Sanford C. Bernstein raised Boston Beer from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $280.00 to $335.00 in a research note on Tuesday, January 16th. Morgan Stanley dropped their target price on shares of Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a research report on Wednesday, February 28th. Finally, Roth Mkm lifted their price target on shares of Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $335.21.

Boston Beer Price Performance

NYSE:SAM opened at $277.28 on Friday. The firm has a 50-day moving average of $298.15 and a two-hundred day moving average of $331.63. The stock has a market cap of $3.33 billion, a P/E ratio of 34.79, a PEG ratio of 1.05 and a beta of 1.03. The Boston Beer Company, Inc. has a 1-year low of $274.78 and a 1-year high of $395.52.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.96. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. The firm had revenue of $426.05 million during the quarter, compared to the consensus estimate of $414.18 million. As a group, equities analysts expect that The Boston Beer Company, Inc. will post 10.26 earnings per share for the current year.

Insider Transactions at Boston Beer

In related news, insider Carolyn L. O’boyle sold 101 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $303.49, for a total value of $30,652.49. Following the sale, the insider now directly owns 7,029 shares of the company’s stock, valued at $2,133,231.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.30% of the company’s stock.

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.