Two Sigma Investments LP Sells 7,056 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Two Sigma Investments LP trimmed its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,029 shares of the company's stock after selling 7,056 shares during the period. Two Sigma Investments LP owned approximately 0.21% of Boston Beer worth $7,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAM. Barclays PLC grew its position in Boston Beer by 44.2% during the 3rd quarter. Barclays PLC now owns 12,988 shares of the company's stock worth $3,753,000 after acquiring an additional 3,983 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Boston Beer by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company's stock valued at $789,000 after purchasing an additional 65 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after purchasing an additional 73 shares during the last quarter. KBC Group NV increased its stake in shares of Boston Beer by 38.9% in the fourth quarter. KBC Group NV now owns 418 shares of the company's stock valued at $125,000 after buying an additional 117 shares during the period. Finally, SYM FINANCIAL Corp acquired a new position in shares of Boston Beer in the fourth quarter valued at approximately $217,000. Institutional investors own 81.13% of the company's stock.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research reports. 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 price objective on shares of Boston Beer in a research note on Tuesday, April 22nd. Wall Street Zen raised Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Citigroup raised their target price on Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. Finally, Piper Sandler lowered 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Boston Beer currently has an average rating of "Hold" and a consensus price target of $286.12.

Boston Beer Stock Down 3.1%

Boston Beer stock traded down $7.24 during mid-day trading on Wednesday, hitting $228.39. 210,475 shares of the stock were exchanged, compared to its average volume of 164,215. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The firm's fifty day simple moving average is $240.50 and its two-hundred day simple moving average is $260.76. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $1.38. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The firm had revenue of $481.36 million during the quarter, compared to analyst estimates of $436.27 million. During the same quarter last year, the business earned $1.04 EPS. The company's revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast 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.