GAMMA Investing LLC Acquires 10,141 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

GAMMA Investing LLC raised its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 7,861.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,270 shares of the company's stock after purchasing an additional 10,141 shares during the period. GAMMA Investing LLC owned 0.09% of Boston Beer worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in SAM. RK Asset Management LLC bought a new position in Boston Beer during the first quarter valued at $4,466,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Boston Beer by 21.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,942 shares of the company's stock valued at $2,082,000 after buying an additional 1,228 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of Boston Beer in the fourth quarter worth approximately $220,000. Mackenzie Financial Corp purchased a new position in Boston Beer during the 4th quarter valued at $416,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Boston Beer by 24.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,835 shares of the company's stock valued at $6,250,000 after purchasing an additional 4,082 shares during the period. 81.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SAM has been the topic of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of Boston Beer in a research report on Friday, April 25th. Wall Street Zen raised Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Morgan Stanley reduced their price target on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research report on Thursday, April 24th. Finally, Berenberg Bank started 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. 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, Boston Beer currently has a consensus rating of "Hold" and an average price target of $286.12.

Boston Beer Stock Performance

Shares of SAM stock traded down $5.88 during trading hours on Friday, reaching $208.52. The company had a trading volume of 192,696 shares, compared to its average volume of 156,262. The company has a market capitalization of $2.32 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05. The Boston Beer Company, Inc. has a twelve month low of $208.16 and a twelve month high of $329.55. The stock's fifty day simple moving average is $236.46 and its 200 day simple moving average is $253.49.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The firm had revenue of $481.36 million for the quarter, compared to analysts' expectations of $436.27 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Boston Beer's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

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.