Creative Planning Increases Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Creative Planning grew its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,385 shares of the company’s stock after buying an additional 158 shares during the quarter. Creative Planning’s holdings in Boston Beer were worth $728,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Boston Beer in the 4th quarter valued at about $42,000. American Trust purchased a new position in shares of Boston Beer in the 4th quarter valued at about $255,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Boston Beer by 4.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 6,894 shares of the company’s stock valued at $2,382,000 after purchasing an additional 271 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Boston Beer in the 4th quarter valued at about $628,000. Finally, Vanguard Group Inc. increased its holdings in shares of Boston Beer by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after purchasing an additional 21,060 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Roth Mkm lowered their price objective on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Piper Sandler lowered their price objective on shares of Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Boston Beer has a consensus rating of “Hold” and a consensus target price of $326.92.

Boston Beer Price Performance

Boston Beer stock opened at $273.74 on Friday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.10 and a beta of 1.06. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $378.08. The firm’s 50-day moving average is $275.58 and its two-hundred day moving average is $282.73.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.60). The company had revenue of $579.10 million for the quarter, compared to analysts’ expectations of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.72 earnings per share. As a group, analysts forecast that The Boston Beer Company, Inc. will post 9.65 EPS for the current year.

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.