XTX Topco Ltd Has $229,000 Position in The Boston Beer Company, Inc. (NYSE:SAM)

XTX Topco Ltd lessened its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 84.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 960 shares of the company’s stock after selling 5,202 shares during the period. XTX Topco Ltd’s holdings in Boston Beer were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SAM. Rossby Financial LCC bought a new stake in shares of Boston Beer during the 1st quarter valued at about $25,000. GeoWealth Management LLC purchased a new stake in shares of Boston Beer during the fourth quarter valued at approximately $35,000. First Horizon Advisors Inc. increased its position in shares of Boston Beer by 24.4% during the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company’s stock valued at $51,000 after acquiring an additional 42 shares during the last quarter. Signaturefd LLC increased its position in shares of Boston Beer by 483.7% during the first quarter. Signaturefd LLC now owns 251 shares of the company’s stock valued at $60,000 after acquiring an additional 208 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Boston Beer by 44.1% during the fourth quarter. True Wealth Design LLC now owns 232 shares of the company’s stock valued at $70,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Insider Buying and Selling at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the company’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 value of $131,544.00. Following the transaction, the vice president directly owned 9,715 shares in the company, valued at approximately $2,129,916.60. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SAM has been the subject of several research reports. The Goldman Sachs Group reduced 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. Citigroup dropped their price objective on Boston Beer from $285.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. UBS Group dropped 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. Morgan Stanley decreased their price objective on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Finally, Piper Sandler decreased their price objective on Boston Beer from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $258.09.

Boston Beer Stock Up 3.3%

Shares of SAM stock opened at $221.01 on Wednesday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.82 and a beta of 0.84. The company’s 50 day moving average is $205.21 and its 200 day moving average is $226.66. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $329.55.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $1.08. The firm had revenue of $587.95 million for the quarter, compared to analyst estimates of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.39 earnings per share. Analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS 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.