Schonfeld Strategic Advisors LLC Has $454,000 Position in The Boston Beer Company, Inc. (NYSE:SAM)

Schonfeld Strategic Advisors LLC trimmed its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 60.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,514 shares of the company’s stock after selling 2,326 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Boston Beer were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Boston Beer by 44.2% during the 3rd quarter. Barclays PLC now owns 12,988 shares of the company’s stock worth $3,753,000 after buying an additional 3,983 shares in the last quarter. Tidal Investments LLC acquired a new stake in Boston Beer in the third quarter worth $299,000. Franklin Resources Inc. increased its stake in Boston Beer by 10.1% in the third quarter. Franklin Resources Inc. now owns 15,389 shares of the company’s stock valued at $4,239,000 after purchasing an additional 1,406 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Boston Beer by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company’s stock worth $1,674,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SAM shares. Morgan Stanley dropped their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Berenberg Bank initiated coverage on Boston Beer in a research report on Wednesday, April 2nd. They set a “hold” rating and a $281.10 target price on the stock. Citigroup lifted their price target on shares of Boston Beer from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, April 14th. Needham & Company LLC restated a “hold” rating on shares of Boston Beer in a report on Friday, April 25th. Finally, Piper Sandler decreased their target price on shares of Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Boston Beer has a consensus rating of “Hold” and a consensus target price of $286.12.

Boston Beer Trading Down 0.9 %

Shares of SAM opened at $242.73 on Friday. The stock has a 50 day moving average of $238.11 and a 200 day moving average of $265.75. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.23 and a beta of 1.14. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, April 24th. The company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $1.38. The company had revenue of $481.36 million for the quarter, compared to analysts’ expectations of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. As a group, equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Boston Beer 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.