Aquatic Capital Management LLC Makes New $1.89 Million Investment in The Boston Beer Company, Inc. (NYSE:SAM)

Aquatic Capital Management LLC purchased a new stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,301 shares of the company's stock, valued at approximately $1,890,000. Aquatic Capital Management LLC owned approximately 0.05% of Boston Beer as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAM. Norges Bank bought a new position in shares of Boston Beer in the fourth quarter worth about $30,741,000. Cooper Creek Partners Management LLC bought a new stake in shares of Boston Beer in the 4th quarter valued at about $25,054,000. Global Alpha Capital Management Ltd. acquired a new stake in Boston Beer during the 4th quarter valued at approximately $23,349,000. Fisher Asset Management LLC raised its position in shares of Boston Beer by 27.1% in the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company's stock worth $48,122,000 after acquiring an additional 34,176 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Boston Beer by 4.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company's stock valued at $211,030,000 after buying an additional 29,412 shares during the period. Institutional investors own 81.13% of the company's stock.

Boston Beer Trading Down 2.2 %

Shares of SAM traded down $5.27 during midday trading on Friday, reaching $239.59. The stock had a trading volume of 123,008 shares, compared to its average volume of 171,149. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $339.77. The company's 50-day moving average is $238.15 and its 200 day moving average is $267.45.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday, April 24th. Berenberg Bank started coverage on shares of Boston Beer in a research report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price target for the company. Roth Mkm reissued a "buy" rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Citigroup upped their price target on shares of Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Finally, Morgan Stanley decreased their price target on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.