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

Aquatic Capital Management LLC purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,301 shares of the company's stock, valued at approximately $1,890,000. Aquatic Capital Management LLC owned about 0.05% of Boston Beer as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SAM. Blue Trust Inc. grew its stake in Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after buying an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after buying an additional 89 shares in the last quarter. GeoWealth Management LLC purchased a new position in Boston Beer in the 4th quarter valued at approximately $35,000. GAMMA Investing LLC grew its stake in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in 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. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Performance

NYSE SAM opened at $238.40 on Tuesday. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77. The company has a market capitalization of $2.68 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.23 and a beta of 1.26. The company has a fifty day moving average of $237.02 and a 200-day moving average of $268.55.

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 (EPS) for the quarter, topping 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 company had revenue of $481.36 million during the quarter, compared to the consensus estimate of $436.27 million. During the same period in the previous year, the firm posted $1.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SAM. Piper Sandler reduced their price objective on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Roth Mkm reiterated a "buy" rating and issued a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Citigroup raised their price target on shares of Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 price target on shares of Boston Beer in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Boston Beer in a report on Friday. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $286.12.

About Boston Beer

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.

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