UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,082 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 24.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,835 shares of the company's stock after purchasing an additional 4,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Boston Beer worth $6,250,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SAM. Squarepoint Ops LLC lifted its holdings in shares of Boston Beer by 9.0% during the fourth quarter. Squarepoint Ops LLC now owns 8,666 shares of the company's stock valued at $2,600,000 after purchasing an additional 717 shares in the last quarter. Tidal Investments LLC raised its position in Boston Beer by 105.1% in the 4th quarter. Tidal Investments LLC now owns 2,119 shares of the company's stock worth $636,000 after buying an additional 1,086 shares during the last quarter. True Wealth Design LLC raised its position in Boston Beer by 44.1% in the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock worth $70,000 after buying an additional 71 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Boston Beer by 164.5% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 447 shares of the company's stock valued at $134,000 after acquiring an additional 278 shares during the period. Finally, Redwood Investment Management LLC purchased a new stake in shares of Boston Beer during the 4th quarter valued at about $3,686,000. Hedge funds and other institutional investors own 81.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAM. Cfra Research raised shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday, April 24th. Berenberg Bank started coverage on shares of Boston Beer in a research note on Wednesday, April 2nd. They set a "hold" rating and a $281.10 target price for the company. Citigroup increased their price target on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 target price on shares of Boston Beer in a report on Tuesday, April 22nd. Finally, Piper Sandler cut their price target on Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $286.12.

Boston Beer Trading Down 2.7%

Boston Beer stock traded down $6.14 during midday trading on Thursday, hitting $220.67. The stock had a trading volume of 122,554 shares, compared to its average volume of 155,190. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $329.55. The company has a market capitalization of $2.46 billion, a PE ratio of 32.46, a P/E/G ratio of 1.23 and a beta of 1.14. The firm's fifty day moving average is $239.38 and its two-hundred day moving average is $257.35.

Boston Beer (NYSE:SAM - Get Free Report) last announced 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 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 analysts' expectations of $436.27 million. During the same period in the prior year, the company posted $1.04 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

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.