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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,835 shares of the company's stock after acquiring an additional 4,082 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Boston Beer worth $6,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in Boston Beer by 10.3% in the fourth quarter. Lazard Asset Management LLC now owns 515 shares of the company's stock worth $153,000 after purchasing an additional 48 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of 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 buying an additional 51 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Boston Beer by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock valued at $381,000 after buying an additional 56 shares during the period. Bank of Montreal Can boosted its stake in shares of Boston Beer by 7.3% in the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company's stock worth $300,000 after buying an additional 68 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Boston Beer by 44.1% in the fourth quarter. True Wealth Design LLC now owns 232 shares of the company's stock worth $70,000 after acquiring an additional 71 shares during the period. 81.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAM. UBS Group increased their target price on Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Roth Mkm reaffirmed a "buy" rating and set a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $279.00 price objective on shares of Boston Beer in a research note on Tuesday, April 22nd. Berenberg Bank started coverage on shares of Boston Beer in a report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price objective on the stock. Finally, Wall Street Zen raised shares of Boston Beer from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Boston Beer currently has a consensus rating of "Hold" and an average price target of $286.12.

Boston Beer Price Performance

Shares of SAM stock traded up $0.25 during trading hours on Friday, reaching $221.38. 163,772 shares of the company traded hands, compared to its average volume of 154,964. The firm has a 50-day moving average price of $238.58 and a 200 day moving average price of $256.10. The company has a market cap of $2.47 billion, a P/E ratio of 32.56, a P/E/G ratio of 1.23 and a beta of 1.05. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.16 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 analysts' expectations of $436.27 million. During the same quarter last year, the business earned $1.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict 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.