The Boston Beer Company, Inc. (NYSE:SAM) Shares Bought by Cwm LLC

Cwm LLC grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 726.0% during the third quarter, Holdings Channel.com reports. The firm owned 5,146 shares of the company’s stock after buying an additional 4,523 shares during the quarter. Cwm LLC’s holdings in Boston Beer were worth $1,488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LRI Investments LLC bought a new stake in Boston Beer during the first quarter worth approximately $28,000. ORG Partners LLC acquired a new position in shares of Boston Beer during the 2nd quarter valued at $48,000. Sachetta LLC raised its stake in shares of Boston Beer by 1,533.3% in the 2nd quarter. Sachetta LLC now owns 245 shares of the company’s stock worth $68,000 after buying an additional 230 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Boston Beer by 61.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after buying an additional 95 shares during the period. Finally, Quarry LP boosted its stake in Boston Beer by 984.0% during the second quarter. Quarry LP now owns 271 shares of the company’s stock valued at $83,000 after buying an additional 246 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAM. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Piper Sandler cut their target price on shares of Boston Beer from $344.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Roth Mkm decreased their price target on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, Royal Bank of Canada cut their price objective on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $326.92.

Boston Beer Trading Up 0.7 %

Shares of SAM stock opened at $277.24 on Wednesday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 1.13 and a beta of 1.06. The Boston Beer Company, Inc. has a 1-year low of $254.40 and a 1-year high of $378.08. The stock’s fifty day simple moving average is $275.94 and its 200-day simple moving average is $282.16.

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