NBC Securities Inc. Increases Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

NBC Securities Inc. raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 189,500.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,896 shares of the company's stock after buying 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 institutional investors have also modified their holdings of the company. Lazard Asset Management LLC increased its position in shares of Boston Beer by 10.3% during the fourth quarter. Lazard Asset Management LLC now owns 515 shares of the company's stock worth $153,000 after purchasing an additional 48 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Boston Beer by 42.1% in the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after purchasing an additional 51 shares in the last quarter. Cetera Investment Advisers grew its stake in Boston Beer by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock worth $381,000 after buying an additional 56 shares during the last quarter. Bank of Montreal Can increased its position in Boston Beer by 7.3% during the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company's stock valued at $300,000 after buying an additional 68 shares in the last quarter. 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 buying an additional 71 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SAM. Roth Mkm restated a "buy" rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Berenberg Bank initiated coverage on shares of Boston Beer in a research report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 target price on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $279.00 price target on shares of Boston Beer in a report on Tuesday, April 22nd. Piper Sandler lowered their price objective on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup boosted their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $286.12.

Boston Beer Trading Down 1.4%

SAM stock traded down $3.09 during midday trading on Monday, hitting $218.41. 210,147 shares of the company's stock were exchanged, compared to its average volume of 155,362. The Boston Beer Company, Inc. has a 1-year low of $215.10 and a 1-year high of $329.55. The stock has a market capitalization of $2.43 billion, a PE ratio of 32.12, a P/E/G ratio of 1.23 and a beta of 1.05. The business has a 50-day simple moving average of $238.58 and a two-hundred day simple moving average of $255.37.

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. 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 during the quarter, compared to the consensus estimate of $436.27 million. During the same period last year, the company earned $1.04 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that The Boston Beer Company, Inc. will post 9.29 EPS 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.