True Wealth Design LLC Acquires 71 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

True Wealth Design LLC raised its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232 shares of the company’s stock after acquiring an additional 71 shares during the quarter. True Wealth Design LLC’s holdings in Boston Beer were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its position in Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Boston Beer by 2,225.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after purchasing an additional 89 shares during the last quarter. GeoWealth Management LLC bought a new stake in Boston Beer in the fourth quarter worth about $35,000. First Horizon Advisors Inc. lifted its stake in Boston Beer by 42.1% in the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Boston Beer by 67.9% during the fourth quarter. US Bancorp DE now owns 272 shares of the company’s stock valued at $82,000 after acquiring an additional 110 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SAM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Boston Beer in a research note on Friday, April 25th. Citigroup boosted their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, April 14th. StockNews.com raised shares of Boston Beer from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Cfra Research raised shares of Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research note on Thursday, April 24th. Finally, UBS Group boosted their price objective on shares of Boston Beer from $265.00 to $279.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $286.12.

Boston Beer Trading Up 1.8%

NYSE SAM opened at $250.03 on Friday. The firm’s fifty day simple moving average is $238.96 and its two-hundred day simple moving average is $263.79. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $339.77. The firm has a market capitalization of $2.79 billion, a P/E ratio of 36.77, a P/E/G ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $1.38. The firm had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. As a group, sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

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.