NBC Securities Inc. Boosts Position in The Boston Beer Company, Inc. (NYSE:SAM)

NBC Securities Inc. increased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 189,500.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,896 shares of the company's stock after purchasing an additional 1,895 shares during the quarter. NBC Securities Inc.'s holdings in Boston Beer were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAM. Norges Bank acquired a new stake in shares of Boston Beer during the 4th quarter worth about $30,741,000. J. Goldman & Co LP increased its position in shares of Boston Beer by 251.8% during the 4th quarter. J. Goldman & Co LP now owns 119,687 shares of the company's stock worth $35,904,000 after purchasing an additional 85,669 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Boston Beer during the 4th quarter worth about $25,054,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of Boston Beer during the 4th quarter worth about $23,349,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Boston Beer during the 4th quarter worth about $21,412,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group lifted 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. Morgan Stanley dropped their target price 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. Roth Mkm reaffirmed a "buy" rating and issued a $349.00 target price (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Wall Street Zen raised Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Piper Sandler dropped their target price on Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $286.12.

Boston Beer Price Performance

Shares of Boston Beer stock traded up $0.25 on Friday, reaching $221.38. 163,772 shares of the company were exchanged, compared to its average volume of 154,964. The Boston Beer Company, Inc. has a 1-year low of $215.10 and a 1-year high of $329.55. The company has a market cap of $2.47 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05. The stock's 50 day moving average price is $239.02 and its 200-day moving average price is $256.73.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The business had revenue of $481.36 million during the quarter, compared to the consensus estimate of $436.27 million. During the same period in the previous year, the company posted $1.04 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

About Boston Beer

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.