Fisher Asset Management LLC Has $37.50 Million Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Fisher Asset Management LLC cut its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 108,506 shares of the company’s stock after selling 14,659 shares during the quarter. Fisher Asset Management LLC’s holdings in Boston Beer were worth $37,499,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Covestor Ltd boosted its stake in Boston Beer by 88.4% in the third quarter. Covestor Ltd now owns 81 shares of the company’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. Quarry LP acquired a new stake in Boston Beer in the fourth quarter valued at about $42,000. DekaBank Deutsche Girozentrale acquired a new stake in Boston Beer in the third quarter valued at about $59,000. CWM LLC boosted its stake in shares of Boston Beer by 17.6% during the fourth quarter. CWM LLC now owns 227 shares of the company’s stock valued at $78,000 after purchasing an additional 34 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Boston Beer during the fourth quarter valued at about $82,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Stock Performance

Shares of SAM stock opened at $291.27 on Tuesday. The company has a market cap of $3.48 billion, a P/E ratio of 36.55, a PEG ratio of 1.07 and a beta of 1.09. The stock has a 50 day simple moving average of $282.53 and a two-hundred day simple moving average of $317.07. The Boston Beer Company, Inc. has a fifty-two week low of $254.40 and a fifty-two week high of $395.52.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.96. The business had revenue of $426.05 million during the quarter, compared to the consensus estimate of $414.18 million. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. On average, research analysts predict that The Boston Beer Company, Inc. will post 10.25 earnings per share for the current year.

Insiders Place Their Bets

In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares of the company’s stock, valued at $2,133,231.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group cut their price target on Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $337.00 price target on shares of Boston Beer in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised Boston Beer from a “sell” rating to a “hold” rating and set a $273.00 price target on the stock in a research note on Wednesday, May 8th. Evercore ISI lifted their price target on Boston Beer from $310.00 to $325.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Finally, Jefferies Financial Group upgraded Boston Beer from a “hold” rating to a “buy” rating and raised their price objective for the stock from $335.00 to $360.00 in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $335.00.

About Boston Beer

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.