Point View Wealth Management Inc. Reduces Position in Boston Beer Company Inc (NYSE:SAM)

Point View Wealth Management Inc. lessened its stake in shares of Boston Beer Company Inc (NYSE:SAM) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,021 shares of the company’s stock after selling 33 shares during the quarter. Point View Wealth Management Inc.’s holdings in Boston Beer were worth $1,141,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Buffington Mohr McNeal purchased a new stake in shares of Boston Beer during the first quarter valued at $29,000. Quadrant Capital Group LLC purchased a new stake in shares of Boston Beer during the first quarter valued at $51,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of Boston Beer during the first quarter valued at $53,000. Marshall Wace North America L.P. purchased a new stake in shares of Boston Beer during the first quarter valued at $59,000. Finally, NEXT Financial Group Inc boosted its position in shares of Boston Beer by 119.0% during the second quarter. NEXT Financial Group Inc now owns 184 shares of the company’s stock valued at $70,000 after buying an additional 100 shares during the last quarter. 73.73% of the stock is owned by hedge funds and other institutional investors.

NYSE:SAM traded down $4.54 on Friday, hitting $402.34. The stock had a trading volume of 3,565 shares, compared to its average volume of 197,276. The stock has a market cap of $4.71 billion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 4.36 and a beta of 0.68. The business has a 50-day moving average price of $382.06. Boston Beer Company Inc has a 52-week low of $230.93 and a 52-week high of $407.16.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, July 25th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.51. The business had revenue of $318.40 million for the quarter, compared to analysts’ expectations of $308.49 million. Boston Beer had a return on equity of 22.89% and a net margin of 9.92%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $1.98 earnings per share. As a group, equities analysts forecast that Boston Beer Company Inc will post 8.93 earnings per share for the current fiscal year.

In other news, Director Jean Michel Valette sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $380.67, for a total value of $951,675.00. Following the transaction, the director now owns 27,258 shares of the company’s stock, valued at $10,376,302.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David L. Grinnell sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $357.50, for a total value of $178,750.00. The disclosure for this sale can be found here. Insiders sold 5,500 shares of company stock worth $2,130,425 over the last three months. Insiders own 28.40% of the company’s stock.

Several equities research analysts recently commented on SAM shares. Guggenheim increased their price objective on Boston Beer from $372.00 to $421.00 and gave the company a “buy” rating in a research report on Friday, July 12th. ValuEngine raised Boston Beer from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Citigroup set a $394.00 price objective on Boston Beer and gave the company a “hold” rating in a research report on Friday, July 26th. Macquarie raised Boston Beer from a “neutral” rating to an “outperform” rating and set a $460.00 price objective on the stock in a research report on Wednesday. Finally, BMO Capital Markets raised their target price on Boston Beer to $350.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $345.23.

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, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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