Calamos Advisors LLC Increases Stake in The Boston Beer Company, Inc. (NYSE:SAM)

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

Other large investors have also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in Boston Beer during the first quarter worth $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 bought a new position in Boston Beer during the 4th quarter valued at about $35,000. First Horizon Advisors Inc. raised its position in Boston Beer by 24.4% in the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock worth $51,000 after purchasing an additional 42 shares during the period. Finally, True Wealth Design LLC lifted its stake in Boston Beer by 44.1% in the fourth quarter. True Wealth Design LLC now owns 232 shares of the company's stock worth $70,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 81.13% of the company's stock.

Boston Beer Stock Performance

SAM traded down $4.20 on Friday, hitting $201.08. The company had a trading volume of 223,970 shares, compared to its average volume of 166,611. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.47 and a beta of 0.99. The stock has a fifty day moving average price of $223.14 and a 200-day moving average price of $240.70. The Boston Beer Company, Inc. has a 12-month low of $185.34 and a 12-month high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last issued 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. The firm had revenue of $481.36 million for the quarter, compared to the consensus estimate of $436.27 million. Boston Beer had a net margin of 3.30% and a return on equity of 13.81%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. Analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAM has been the topic of several research analyst reports. Piper Sandler cut their price objective on Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Berenberg Bank assumed coverage on shares of Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price target on the stock. 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $279.00 target price on shares of Boston Beer in a research report on Tuesday, April 22nd. Finally, Wall Street Zen lowered Boston Beer from a "buy" rating to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $276.21.

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.