Howe & Rusling Inc. Has $274,000 Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Howe & Rusling Inc. decreased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 793 shares of the company’s stock after selling 52 shares during the quarter. Howe & Rusling Inc.’s holdings in Boston Beer were worth $274,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SAM. AQR Capital Management LLC raised its position in 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 during the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 worth $12,748,000 after acquiring an additional 30,451 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Boston Beer in the 3rd quarter worth about $10,275,000. International Assets Investment Management LLC bought a new position in shares of Boston Beer in the 4th quarter worth about $64,490,000. Finally, iA Global Asset Management Inc. bought a new position in shares of Boston Beer in the 3rd quarter worth about $6,627,000. 81.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAM. Sanford C. Bernstein raised Boston Beer from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $280.00 to $335.00 in a research report on Tuesday, January 16th. Roth Mkm boosted their target price on Boston Beer from $406.00 to $422.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Evercore ISI boosted their target price on Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Morgan Stanley cut their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $337.00 target price on shares of Boston Beer in a research note on Wednesday, February 28th. Two 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. According to MarketBeat, Boston Beer currently has an average rating of “Hold” and an average target price of $335.21.

Insider Buying and Selling

In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on 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 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 through the SEC website. 23.30% of the stock is owned by insiders.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $276.26 on Thursday. The Boston Beer Company, Inc. has a 52-week low of $274.78 and a 52-week high of $395.52. The firm has a fifty day moving average of $299.58 and a 200 day moving average of $332.00. The firm has a market capitalization of $3.32 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03.

Boston Beer (NYSE:SAM) last posted 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. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. The business had revenue of $426.05 million during the quarter, compared to analyst estimates of $414.18 million. On average, sell-side analysts forecast that The Boston Beer Company, Inc. will post 10.26 EPS for the current fiscal 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.