The Boston Beer Company, Inc. (NYSE:SAM) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 91.0% during the 4th quarter, Holdings Channel reports. The firm owned 40,225 shares of the company’s stock after buying an additional 19,161 shares during the quarter. Quantinno Capital Management LP’s holdings in Boston Beer were worth $12,067,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SAM. Barclays PLC grew its holdings in Boston Beer by 44.2% in the third quarter. Barclays PLC now owns 12,988 shares of the company’s stock valued at $3,753,000 after purchasing an additional 3,983 shares during the period. Franklin Resources Inc. grew its holdings in Boston Beer by 10.1% in the third quarter. Franklin Resources Inc. now owns 15,389 shares of the company’s stock valued at $4,239,000 after purchasing an additional 1,406 shares during the period. GAMMA Investing LLC grew its holdings in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Boston Beer by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company’s stock valued at $1,674,000 after purchasing an additional 74 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Boston Beer in the fourth quarter valued at approximately $434,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAM. Piper Sandler dropped their price target on Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price target on shares of Boston Beer in a research report on Tuesday, April 22nd. Roth Mkm reiterated a “buy” rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Berenberg Bank initiated coverage on Boston Beer in a research report on Wednesday, April 2nd. They set a “hold” rating and a $281.10 price target for the company. Finally, Cfra Research raised Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research note on Thursday, April 24th. Eight investment 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 presently has a consensus rating of “Hold” and an average price target of $286.12.

Boston Beer Stock Down 0.6%

Shares of Boston Beer stock opened at $238.86 on Thursday. The Boston Beer Company, Inc. has a 52 week low of $215.10 and a 52 week high of $339.77. The business’s fifty day simple moving average is $238.36 and its 200-day simple moving average is $264.78. The firm has a market cap of $2.66 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

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