SW Investment Management LLC Makes New $1.53 Million Investment in The Boston Beer Company, Inc. (NYSE:SAM)

SW Investment Management LLC purchased a new stake in The Boston Beer Company, Inc. (NYSE:SAM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the company’s stock, valued at approximately $1,525,000. Boston Beer makes up 0.5% of SW Investment Management LLC’s holdings, making the stock its 14th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky increased its holdings in Boston Beer by 21.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 8,109 shares of the company’s stock valued at $2,474,000 after buying an additional 1,432 shares during the period. Quarry LP increased its stake in Boston Beer by 984.0% in the second quarter. Quarry LP now owns 271 shares of the company’s stock valued at $83,000 after acquiring an additional 246 shares during the last quarter. Creative Planning raised its position in Boston Beer by 7.1% during the second quarter. Creative Planning now owns 2,385 shares of the company’s stock valued at $728,000 after purchasing an additional 158 shares in the last quarter. Algert Global LLC raised its position in Boston Beer by 114.0% during the second quarter. Algert Global LLC now owns 5,053 shares of the company’s stock valued at $1,541,000 after purchasing an additional 2,692 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Boston Beer by 80.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock worth $35,000,000 after purchasing an additional 51,003 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $288.10 on Wednesday. The firm has a market cap of $3.38 billion, a PE ratio of 36.15, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. The Boston Beer Company, Inc. has a 52 week low of $254.40 and a 52 week high of $395.52. The firm’s fifty day moving average is $276.00 and its 200-day moving average is $283.90.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The company had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. Boston Beer’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.72 earnings per share. Sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.65 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on SAM shares. Royal Bank of Canada lowered their price target on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Piper Sandler dropped their target price on shares of Boston Beer from $344.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price target on the stock in a research note on Wednesday, June 5th. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Boston Beer currently has a consensus rating of “Hold” and an average price target of $326.92.

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.