Barclays PLC Boosts Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Barclays PLC grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 65.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,428 shares of the company's stock after acquiring an additional 8,440 shares during the period. Barclays PLC owned about 0.19% of Boston Beer worth $6,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after acquiring an additional 73 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after buying an additional 89 shares during the period. GAMMA Investing LLC boosted its holdings in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after buying an additional 48 shares during the period. First Horizon Advisors Inc. boosted its holdings in Boston Beer by 42.1% in the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after buying an additional 51 shares during the period. Finally, US Bancorp DE boosted its holdings in Boston Beer by 67.9% in the 4th quarter. US Bancorp DE now owns 272 shares of the company's stock worth $82,000 after buying an additional 110 shares during the period. Institutional investors own 81.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Boston Beer in a report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 target price for the company. Morgan Stanley decreased their price target on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of Boston Beer in a research note on Friday, April 25th. Citigroup boosted their price target on shares of Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. Finally, Roth Mkm reiterated a "buy" rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $286.12.

Boston Beer Stock Performance

Boston Beer stock traded down $0.95 during mid-day trading on Wednesday, reaching $245.57. 290,184 shares of the company were exchanged, compared to its average volume of 171,813. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $339.77. The business has a fifty day moving average of $237.82 and a 200 day moving average of $268.24. The firm has a market cap of $2.76 billion, a P/E ratio of 36.11, a PEG ratio of 1.23 and a beta of 1.26.

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

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.