The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in The Boston Beer Company, Inc. (NYSE:SAM) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,358 shares of the company’s stock after selling 669 shares during the period. Mutual of America Capital Management LLC owned about 0.11% of Boston Beer worth $4,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SAM. Wellington Management Group LLP increased its holdings in Boston Beer by 26.5% in the third quarter. Wellington Management Group LLP now owns 66,548 shares of the company’s stock valued at $25,922,000 after buying an additional 13,951 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Boston Beer in the fourth quarter valued at about $64,490,000. AQR Capital Management LLC increased its stake 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 worth $44,433,000 after purchasing an additional 45,864 shares in the last quarter. Northern Trust Corp increased its stake in shares of Boston Beer by 1.9% during the 3rd quarter. Northern Trust Corp now owns 70,324 shares of the company’s stock worth $27,393,000 after purchasing an additional 1,315 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Boston Beer in the 3rd quarter worth approximately $6,627,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Price Performance

SAM stock opened at $281.01 on Tuesday. The Boston Beer Company, Inc. has a 12 month low of $280.77 and a 12 month high of $395.52. The firm has a market cap of $3.38 billion, a PE ratio of 45.32, a P/E/G ratio of 1.03 and a beta of 1.02. The firm has a 50 day simple moving average of $316.06 and a 200 day simple moving average of $338.72.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($1.49) EPS for the quarter, missing the consensus estimate of ($0.22) by ($1.27). The business had revenue of $393.72 million for the quarter, compared to analyst estimates of $413.57 million. Boston Beer had a return on equity of 8.13% and a net margin of 3.61%. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.93) EPS. As a group, sell-side analysts expect that The Boston Beer Company, Inc. will post 9.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on SAM shares. Morgan Stanley lowered their target price on shares of Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. Sanford C. Bernstein upgraded shares of Boston Beer from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $280.00 to $335.00 in a report on Tuesday, January 16th. Roth Mkm boosted their target price on shares of Boston Beer from $406.00 to $422.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $337.00 price objective on shares of Boston Beer in a research report on Wednesday, February 28th. Finally, Piper Sandler started coverage on shares of Boston Beer in a research report on Friday, March 22nd. They set an “overweight” rating and a $350.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $337.36.

Insider Buying and Selling at Boston Beer

In other news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the transaction, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Boston Beer news, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $350.72, for a total value of $35,773.44. Following the completion of the sale, the insider now owns 2,630 shares in the company, valued at approximately $922,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The disclosure for this sale can be found here. Insiders own 24.00% of the company’s stock.

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.