One Wealth Advisors LLC Has $354,000 Stake in Boston Beer Company Inc (NYSE:SAM)

One Wealth Advisors LLC cut its holdings in shares of Boston Beer Company Inc (NYSE:SAM) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,468 shares of the company’s stock after selling 38 shares during the period. One Wealth Advisors LLC’s holdings in Boston Beer were worth $354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. boosted its holdings in Boston Beer by 5.7% in the fourth quarter. Contravisory Investment Management Inc. now owns 778 shares of the company’s stock worth $187,000 after acquiring an additional 42 shares in the last quarter. Arizona State Retirement System boosted its holdings in Boston Beer by 0.7% in the fourth quarter. Arizona State Retirement System now owns 6,174 shares of the company’s stock worth $1,487,000 after acquiring an additional 43 shares in the last quarter. Cardinal Capital Management boosted its holdings in Boston Beer by 1.4% in the fourth quarter. Cardinal Capital Management now owns 3,204 shares of the company’s stock worth $771,000 after acquiring an additional 44 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Boston Beer by 19.8% during the fourth quarter. Bank of Montreal Can now owns 351 shares of the company’s stock valued at $85,000 after purchasing an additional 58 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Boston Beer by 12.0% during the fourth quarter. IFP Advisors Inc now owns 577 shares of the company’s stock valued at $138,000 after purchasing an additional 62 shares in the last quarter. 74.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and set a $308.00 price target on shares of Boston Beer in a report on Thursday, February 21st. ValuEngine downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Zacks Investment Research downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. BMO Capital Markets increased their target price on Boston Beer to $275.00 and gave the company a “market perform” rating in a report on Thursday, February 21st. Finally, Goldman Sachs Group downgraded Boston Beer from a “neutral” rating to a “sell” rating and set a $275.79 target price on the stock. in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $272.91.

In related news, VP David L. Grinnell sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $297.50, for a total transaction of $446,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Grinnell sold 500 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $312.50, for a total value of $156,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,959 shares of company stock valued at $8,115,964. 29.20% of the stock is owned by corporate insiders.

SAM traded up $2.94 during midday trading on Monday, reaching $264.21. The company had a trading volume of 192,516 shares, compared to its average volume of 138,680. Boston Beer Company Inc has a 1 year low of $214.25 and a 1 year high of $329.95. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 3.10 and a beta of 0.56.

Boston Beer (NYSE:SAM) last released its earnings results on Wednesday, February 20th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. Boston Beer had a return on equity of 20.22% and a net margin of 9.12%. The firm had revenue of $225.22 million during the quarter, compared to analysts’ expectations of $227.89 million. During the same quarter last year, the business posted $2.57 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Equities research analysts forecast that Boston Beer Company Inc will post 8.6 EPS for the current year.

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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, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

Further Reading: Stock Split

Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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