Point72 Asia Singapore Pte. Ltd. Purchases 278 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Point72 Asia Singapore Pte. Ltd. increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 164.5% in the 4th quarter, HoldingsChannel reports. The firm owned 447 shares of the company’s stock after acquiring an additional 278 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Boston Beer were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its position in Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC lifted its position in Boston Beer by 2,225.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after purchasing an additional 89 shares during the period. GeoWealth Management LLC bought a new stake in Boston Beer during the fourth quarter worth about $35,000. First Horizon Advisors Inc. lifted its position in Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the period. Finally, US Bancorp DE lifted its position in Boston Beer by 67.9% during the fourth quarter. US Bancorp DE now owns 272 shares of the company’s stock worth $82,000 after purchasing an additional 110 shares during the period. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Boston Beer stock opened at $250.03 on Friday. The business has a 50 day moving average of $238.96 and a 200-day moving average of $264.04. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77. The company has a market capitalization of $2.79 billion, a P/E ratio of 36.77, a P/E/G ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share (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 company had revenue of $481.36 million during the quarter, compared to the consensus estimate of $436.27 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Wall Street Analyst Weigh In

SAM has been the subject of several recent analyst reports. Cfra Research raised shares of Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research report on Thursday, April 24th. Needham & Company LLC reissued a “hold” rating on shares of Boston Beer in a research note on Friday, April 25th. Piper Sandler lowered their target price on Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Berenberg Bank assumed coverage on Boston Beer in a research note on Wednesday, April 2nd. They set a “hold” rating and a $281.10 target price for the company. Finally, Citigroup boosted their target price on Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $286.12.

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.