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

Two Sigma Investments LP trimmed its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 22.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,029 shares of the company's stock after selling 7,056 shares during the quarter. Two Sigma Investments LP owned about 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 also recently added to or reduced their stakes in SAM. Blue Trust Inc. raised its holdings in Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after acquiring an additional 73 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in 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 in the last quarter. GeoWealth Management LLC bought a new position in Boston Beer in the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. boosted its stake in 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 during the period. Finally, True Wealth Design LLC grew its holdings 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. Institutional investors own 81.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAM shares. Wall Street Zen upgraded shares of Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Berenberg Bank started coverage on Boston Beer in a research report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price objective for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. Roth Mkm reissued a "buy" rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Finally, Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Boston Beer currently has an average rating of "Hold" and an average price target of $286.12.

Boston Beer Trading Down 1.1%

Shares of NYSE SAM traded down $2.59 during trading hours on Friday, hitting $228.65. 52,548 shares of the company traded hands, compared to its average volume of 163,200. The company's 50 day moving average price is $240.39 and its 200 day moving average price is $259.97. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, beating 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 business had revenue of $481.36 million for the quarter, compared to analysts' expectations of $436.27 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current 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.