Tidal Investments LLC Boosts Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Tidal Investments LLC grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 105.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,119 shares of the company's stock after acquiring an additional 1,086 shares during the quarter. Tidal Investments LLC's holdings in Boston Beer were worth $636,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SAM. Blue Trust Inc. lifted its position in shares of Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after purchasing an additional 89 shares during the last quarter. GeoWealth Management LLC bought a new position in Boston Beer in the 4th quarter worth about $35,000. First Horizon Advisors Inc. grew its position in Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock valued at $52,000 after purchasing an additional 51 shares during the last quarter. Finally, True Wealth Design LLC grew 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 last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Stock Down 0.8%

NYSE SAM traded down $1.94 on Friday, reaching $229.30. The stock had a trading volume of 294,909 shares, compared to its average volume of 157,505. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $329.55. The stock has a fifty day moving average price of $240.30 and a two-hundred day moving average price of $258.47. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.82% and a return on equity of 11.76%. The company had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. During the same period in the prior year, the firm earned $1.04 earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAM. Wall Street Zen raised shares of Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. 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. UBS Group boosted their target price on shares of Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Piper Sandler dropped their target price on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Berenberg Bank began coverage on Boston Beer in a report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price objective for the company. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $286.12.

Boston Beer 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.