The Boston Beer Company, Inc. (NYSE:SAM) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 32.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,914 shares of the company’s stock after buying an additional 474 shares during the period. BNP Paribas Financial Markets’ holdings in Boston Beer were worth $574,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SAM. First Horizon Advisors Inc. boosted its holdings in shares of Boston Beer by 42.1% in the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock valued at $52,000 after buying an additional 51 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Boston Beer by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock worth $789,000 after purchasing an additional 65 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Boston Beer by 7.3% during the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company’s stock worth $300,000 after acquiring an additional 68 shares during the period. Blue Trust Inc. raised its holdings in Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after buying an additional 73 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Boston Beer by 6.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,332 shares of the company’s stock valued at $400,000 after purchasing an additional 84 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAM. Piper Sandler decreased their price objective on shares of Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 price target on shares of Boston Beer in a research note on Tuesday, April 22nd. UBS Group lifted their target price on Boston Beer from $265.00 to $279.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Citigroup lifted their price target on Boston Beer from $280.00 to $285.00 and gave the company a “buy” rating in a report on Monday, April 14th. Finally, Roth Mkm restated a “buy” rating and issued a $349.00 target price (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $286.12.

Boston Beer Trading Down 0.7%

NYSE SAM opened at $232.31 on Friday. The firm’s fifty day moving average price is $240.08 and its two-hundred day moving average price is $262.05. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77. The firm has a market capitalization of $2.59 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $0.78 by $1.38. The company 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 company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 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.