Federated Hermes Inc. Sells 123 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Federated Hermes Inc. lowered its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,271 shares of the company’s stock after selling 123 shares during the period. Federated Hermes Inc.’s holdings in Boston Beer were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SAM. AQR Capital Management LLC lifted its holdings in shares of Boston Beer by 65.9% during the 3rd quarter. AQR Capital Management LLC now owns 115,411 shares of the company’s stock valued at $44,433,000 after purchasing an additional 45,864 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Boston Beer by 1,337.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,727 shares of the company’s stock valued at $12,748,000 after buying an additional 30,451 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Boston Beer in the 3rd quarter valued at approximately $10,275,000. International Assets Investment Management LLC acquired a new stake in Boston Beer in the 4th quarter valued at approximately $64,490,000. Finally, iA Global Asset Management Inc. acquired a new stake in Boston Beer in the 3rd quarter valued at approximately $6,627,000. Institutional investors own 81.13% of the company’s stock.

Insider Buying and Selling

In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of the business’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 transaction of $30,652.49. Following the sale, the insider now directly 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. 23.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SAM shares. The Goldman Sachs Group dropped their target price on Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a research report on Tuesday, April 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $337.00 target price on shares of Boston Beer in a research report on Wednesday, February 28th. Citigroup lowered their price target on Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Sanford C. Bernstein raised Boston Beer from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $280.00 to $335.00 in a report on Tuesday, January 16th. Finally, UBS Group lowered their target price on Boston Beer from $390.00 to $355.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $335.21.

Boston Beer Stock Down 0.6 %

Shares of SAM opened at $277.28 on Friday. The stock has a market cap of $3.33 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.04 and a beta of 1.03. The Boston Beer Company, Inc. has a 52 week low of $274.78 and a 52 week high of $395.52. The business’s 50 day moving average price is $298.15 and its 200-day moving average price is $331.63.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.96. The business had revenue of $426.05 million during the quarter, compared to analyst estimates of $414.18 million. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. On average, equities analysts anticipate that The Boston Beer Company, Inc. will post 10.26 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.