The Boston Beer Company, Inc. (NYSE:SAM) Stock Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC raised its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 70.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,071 shares of the company's stock after purchasing an additional 19,090 shares during the period. Calamos Advisors LLC owned about 0.41% of Boston Beer worth $11,004,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAM. Rossby Financial LCC purchased a new stake in shares of Boston Beer in the first quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its position in Boston Beer by 2,225.0% during the 4th 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 purchased a new position in Boston Beer in the 4th quarter valued at about $35,000. First Horizon Advisors Inc. grew its stake in Boston Beer by 24.4% during the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after purchasing an additional 42 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in Boston Beer by 44.1% during the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock valued at $70,000 after purchasing an additional 71 shares in the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Price Performance

Shares of NYSE SAM traded down $0.51 during mid-day trading on Tuesday, hitting $198.12. The company had a trading volume of 216,343 shares, compared to its average volume of 167,740. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 1.46 and a beta of 0.99. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $329.55. The firm's 50 day simple moving average is $221.36 and its two-hundred day simple moving average is $238.77.

Boston Beer (NYSE:SAM - Get Free Report) last announced 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 the consensus estimate of $436.27 million. Boston Beer had a return on equity of 13.81% and a net margin of 3.30%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. Equities analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Citigroup increased their target price on Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, April 14th. Wall Street Zen downgraded Boston Beer from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Piper Sandler reduced their target price on Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group reduced their target price on Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $276.21.

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.