Tidal Investments LLC Buys 1,086 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Tidal Investments LLC boosted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 105.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,119 shares of the company's stock after purchasing 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.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Boston Beer by 405.6% during 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 increased its stake in Boston Beer by 2,225.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after acquiring an additional 89 shares during the period. GeoWealth Management LLC acquired a new position in Boston Beer in the 4th quarter valued at approximately $35,000. First Horizon Advisors Inc. lifted 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 acquiring an additional 51 shares during the period. Finally, True Wealth Design LLC grew its holdings in shares of Boston Beer by 44.1% during the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock worth $70,000 after purchasing an additional 71 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

Boston Beer Price Performance

SAM traded down $1.94 during mid-day trading on Friday, hitting $229.30. The stock had a trading volume of 294,909 shares, compared to its average volume of 164,158. The stock's fifty day simple moving average is $240.39 and its 200-day simple moving average is $259.97. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The Boston Beer Company, Inc. has a 1-year low of $215.10 and a 1-year high of $339.77.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.16 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $436.27 million. During the same quarter last year, the business posted $1.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAM has been the topic of several recent analyst reports. Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Piper Sandler reduced 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 note on Thursday, April 17th. Citigroup upped their target price on shares of Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, April 14th. Roth Mkm reissued a "buy" rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Finally, Morgan Stanley decreased their price objective on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Boston Beer presently has an average rating of "Hold" and a consensus target price 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.