Los Angeles Capital Management LLC Sells 5,887 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Los Angeles Capital Management LLC lessened its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,492 shares of the company’s stock after selling 5,887 shares during the period. Los Angeles Capital Management LLC owned approximately 0.17% of Boston Beer worth $7,082,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in shares of Boston Beer by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 2,759 shares of the company’s stock valued at $1,075,000 after buying an additional 34 shares in the last quarter. CWM LLC lifted its holdings in shares of Boston Beer by 17.6% during the 4th quarter. CWM LLC now owns 227 shares of the company’s stock valued at $78,000 after purchasing an additional 34 shares during the last quarter. Cardinal Capital Management boosted its position in shares of Boston Beer by 1.3% in the 4th quarter. Cardinal Capital Management now owns 2,784 shares of the company’s stock worth $962,000 after purchasing an additional 36 shares in the last quarter. Covestor Ltd grew its stake in Boston Beer by 88.4% during the 3rd quarter. Covestor Ltd now owns 81 shares of the company’s stock worth $32,000 after buying an additional 38 shares during the last quarter. Finally, Financial Counselors Inc. increased its position in Boston Beer by 1.4% during the 3rd quarter. Financial Counselors Inc. now owns 6,166 shares of the company’s stock valued at $2,402,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Analyst Upgrades and Downgrades

SAM has been the subject of several recent analyst reports. Evercore ISI raised their price target on Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a report on Friday, April 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $337.00 target price on shares of Boston Beer in a research report on Wednesday, February 28th. The Goldman Sachs Group decreased their price target on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a report on Tuesday, April 9th. UBS Group dropped their price objective on shares of Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, Morgan Stanley reduced their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $335.21.

Insider Activity

In related news, insider Carolyn L. O’boyle sold 101 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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 owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.30% of the company’s stock.

Boston Beer Price Performance

Shares of SAM stock opened at $277.28 on Friday. The Boston Beer Company, Inc. has a 1-year low of $274.78 and a 1-year high of $395.52. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.04 and a beta of 1.03. The stock has a 50 day simple moving average of $296.61 and a 200-day simple moving average of $330.87.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.96. The business had revenue of $426.05 million for the quarter, compared to analyst estimates of $414.18 million. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. Analysts anticipate that The Boston Beer Company, Inc. will post 10.26 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.