The Boston Beer Company, Inc. (NYSE:SAM) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 61.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250 shares of the company’s stock after purchasing an additional 95 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Boston Beer were worth $75,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAM. LRI Investments LLC acquired a new stake in Boston Beer in the first quarter worth about $28,000. Quarry LP acquired a new stake in Boston Beer in the 4th quarter worth approximately $42,000. ORG Partners LLC purchased a new stake in Boston Beer during the 2nd quarter worth approximately $48,000. Sachetta LLC increased its stake in Boston Beer by 1,533.3% during the 2nd quarter. Sachetta LLC now owns 245 shares of the company’s stock valued at $68,000 after purchasing an additional 230 shares in the last quarter. Finally, Studio Investment Management LLC raised its holdings in shares of Boston Beer by 132.6% in the second quarter. Studio Investment Management LLC now owns 307 shares of the company’s stock worth $94,000 after buying an additional 175 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Trading Down 2.1 %

Shares of SAM stock opened at $269.60 on Friday. The company has a market capitalization of $3.22 billion, a P/E ratio of 33.83, a P/E/G ratio of 1.11 and a beta of 1.05. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $395.52. The business’s 50 day moving average is $276.15 and its two-hundred day moving average is $284.85.

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

Wall Street Analysts Forecast Growth

SAM has been the topic of several research reports. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Royal Bank of Canada reduced their price objective on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Roth Mkm dropped their target price on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Piper Sandler dropped their price objective on shares of Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $326.92.

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.