Mercer Global Advisors Inc. ADV Takes Position in The Boston Beer Company, Inc. (NYSE:SAM)

Mercer Global Advisors Inc. ADV purchased a new position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,286 shares of the company's stock, valued at approximately $386,000.

Several other hedge funds have also recently bought and sold shares of SAM. Blue Trust Inc. boosted its position in Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. 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 acquired a new stake in shares of Boston Beer in the 4th quarter valued at $35,000. GAMMA Investing LLC grew its holdings in shares of Boston Beer by 59.3% during the 4th 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 last quarter. Finally, First Horizon Advisors Inc. lifted its stake 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 acquiring an additional 51 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SAM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Boston Beer from a "hold" rating to a "buy" rating in a report on Friday, April 25th. UBS Group increased their price target on Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Morgan Stanley decreased their price target on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Finally, Roth Mkm restated a "buy" rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer Price Performance

Shares of Boston Beer stock traded down $0.68 on Tuesday, reaching $245.95. 5,783 shares of the company were exchanged, compared to its average volume of 164,748. 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 cap of $2.74 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The stock's 50 day moving average price is $239.23 and its 200-day moving average price is $263.26.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $1.38. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The firm had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. During the same period last year, the firm posted $1.04 EPS. Boston Beer's quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share 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.