SG Americas Securities LLC Invests $394,000 in The Boston Beer Company, Inc. (NYSE:SAM)

SG Americas Securities LLC bought a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,649 shares of the company's stock, valued at approximately $394,000.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Boston Beer by 602.4% in the first quarter. Farther Finance Advisors LLC now owns 295 shares of the company's stock valued at $72,000 after acquiring an additional 253 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Boston Beer by 51.8% in the first quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company's stock valued at $2,052,000 after acquiring an additional 2,932 shares during the last quarter. UMB Bank n.a. lifted its holdings in Boston Beer by 35.7% in the first quarter. UMB Bank n.a. now owns 331 shares of the company's stock valued at $79,000 after acquiring an additional 87 shares during the last quarter. NBC Securities Inc. lifted its holdings in Boston Beer by 189,500.0% in the first quarter. NBC Securities Inc. now owns 1,896 shares of the company's stock valued at $452,000 after acquiring an additional 1,895 shares during the last quarter. Finally, Investors Research Corp lifted its holdings in Boston Beer by 12.8% in the first quarter. Investors Research Corp now owns 1,325 shares of the company's stock valued at $316,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Trading Down 0.4%

Boston Beer stock opened at $196.97 on Wednesday. The Boston Beer Company, Inc. has a twelve month low of $190.98 and a twelve month high of $329.55. The stock's fifty day simple moving average is $230.56 and its 200-day simple moving average is $246.82. The firm has a market capitalization of $2.20 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.45 and a beta of 1.05.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $1.38. Boston Beer had a return on equity of 13.81% and a net margin of 3.30%. The business had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict 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 research analysts recently commented on the company. Roth Mkm reiterated a "buy" rating and issued a $349.00 price objective (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Wall Street Zen raised Boston Beer from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Piper Sandler cut their target price 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. Morgan Stanley cut their target price on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group boosted their target price on Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.

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