The Boston Beer Company, Inc. (NYSE:SAM) is Savoir Faire Capital Management L.P.'s 6th Largest Position

Savoir Faire Capital Management L.P. grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 45.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,594 shares of the company's stock after acquiring an additional 6,469 shares during the quarter. Boston Beer accounts for approximately 4.3% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 6th biggest holding. Savoir Faire Capital Management L.P. owned approximately 0.18% of Boston Beer worth $4,919,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Boston Beer by 2,225.0% in the fourth 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. Rossby Financial LCC purchased a new position in shares of Boston Beer in the first quarter worth $25,000. GeoWealth Management LLC purchased a new position in shares of Boston Beer in the fourth quarter worth $35,000. First Horizon Advisors Inc. increased its stake in shares of Boston Beer by 24.4% in the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock worth $51,000 after buying an additional 42 shares during the period. Finally, True Wealth Design LLC increased its position 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 during the period. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Price Performance

Shares of NYSE:SAM traded down $2.65 during trading on Friday, hitting $191.95. The company's stock had a trading volume of 178,244 shares, compared to its average volume of 172,062. The company has a 50-day moving average of $213.45 and a 200-day moving average of $232.88. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 1.42 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.

Boston Beer (NYSE:SAM - Get Free Report) last announced its earnings results 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 net margin of 3.30% and a return on equity of 13.81%. The company had revenue of $481.36 million during the quarter, compared to analyst estimates of $436.27 million. During the same period in the previous year, the business posted $1.04 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAM. Needham & Company LLC reissued a "hold" rating on shares of Boston Beer in a research report on Friday, April 25th. Sanford C. Bernstein reduced their price objective on shares of Boston Beer from $270.00 to $230.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 9th. UBS Group dropped their target price on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a report on Thursday. Royal Bank Of Canada restated a "sector perform" rating and set a $279.00 target price on shares of Boston Beer in a report on Tuesday, April 22nd. Finally, Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $261.10.

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.