Wealth Enhancement Advisory Services LLC Decreases Stake in The Boston Beer Company, Inc. $SAM

Wealth Enhancement Advisory Services LLC cut its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 34.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,190 shares of the company’s stock after selling 3,846 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Boston Beer worth $1,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in Boston Beer by 55.4% in the first quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after purchasing an additional 22,129 shares during the last quarter. Empowered Funds LLC increased its holdings in Boston Beer by 8.8% during the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after purchasing an additional 98 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Boston Beer by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock valued at $5,231,000 after purchasing an additional 1,067 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Boston Beer by 17.9% during the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock valued at $315,000 after buying an additional 251 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Boston Beer by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 14,628 shares of the company’s stock valued at $2,791,000 after buying an additional 281 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Trading Down 0.3%

Shares of NYSE SAM opened at $240.08 on Friday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 2.64 and a beta of 0.90. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $260.00. The business has a 50 day simple moving average of $230.47 and a 200-day simple moving average of $215.73.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.33) by $0.21. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The firm had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. During the same period last year, the business posted ($1.68) earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. As a group, equities analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAM. Morgan Stanley dropped their price target on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $245.00 price objective on shares of Boston Beer in a research note on Friday, February 20th. Weiss Ratings lowered shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Citigroup upped their target price on shares of Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Boston Beer has an average rating of “Reduce” and a consensus target price of $226.30.

Boston Beer Company Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.