Universal Beteiligungs und Servicegesellschaft mbH Invests $1.95 Million in The Boston Beer Company, Inc. (NYSE:SAM)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,173 shares of the company's stock, valued at approximately $1,952,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Boston Beer as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SAM. First Horizon Advisors Inc. raised its position in Boston Beer by 24.4% in the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after purchasing an additional 42 shares during the period. Lazard Asset Management LLC grew its holdings in Boston Beer by 10.3% during the 4th quarter. Lazard Asset Management LLC now owns 515 shares of the company's stock worth $153,000 after acquiring an additional 48 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Boston Beer by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock worth $381,000 after purchasing an additional 56 shares during the last quarter. Bank of Montreal Can increased its holdings in Boston Beer by 7.3% in the fourth quarter. Bank of Montreal Can now owns 1,001 shares of the company's stock valued at $300,000 after buying an additional 68 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in Boston Beer by 44.1% during the fourth 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. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Up 1.2%

Shares of NYSE SAM traded up $2.47 during trading on Friday, reaching $209.55. The company had a trading volume of 474,339 shares, compared to its average volume of 267,203. The company's fifty day moving average price is $207.10 and its 200-day moving average price is $228.74. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $329.55. The stock has a market cap of $2.34 billion, a P/E ratio of 29.56, a PEG ratio of 1.77 and a beta of 0.99.

Boston Beer (NYSE:SAM - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.37 by $1.08. The company had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. Boston Beer's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.39 EPS. As a group, equities analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on SAM shares. Morgan Stanley cut their price target on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Piper Sandler cut their price target on Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Citigroup cut their price target on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Finally, UBS Group lowered their price objective on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $258.09.

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.