First Trust Advisors LP Buys 4,681 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

First Trust Advisors LP increased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,620 shares of the company's stock after purchasing an additional 4,681 shares during the period. First Trust Advisors LP owned approximately 0.28% of Boston Beer worth $9,485,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Entropy Technologies LP acquired a new position in shares of Boston Beer during the 4th quarter worth about $368,000. Legato Capital Management LLC acquired a new position in shares of Boston Beer during the 4th quarter worth about $1,966,000. Merit Financial Group LLC acquired a new position in shares of Boston Beer during the 4th quarter worth about $434,000. Charles Schwab Investment Management Inc. lifted its position in shares of Boston Beer by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock worth $28,305,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Boston Beer during the 4th quarter worth about $30,741,000. Institutional investors and hedge funds own 81.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Berenberg Bank assumed coverage on Boston Beer in a research report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price objective for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $279.00 target price on shares of Boston Beer in a research report on Tuesday, April 22nd. Roth Mkm reaffirmed a "buy" rating and issued a $349.00 target price (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research report on Thursday, April 24th. Finally, Morgan Stanley reduced their target price on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Eight investment 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 presently has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer Stock Performance

Shares of NYSE SAM opened at $238.40 on Tuesday. The stock has a market cap of $2.68 billion, a PE ratio of 35.06, a PEG ratio of 1.23 and a beta of 1.26. The business has a fifty day moving average of $237.02 and a two-hundred day moving average of $268.55. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77.

Boston Beer (NYSE:SAM - Get Free Report) last announced its earnings results 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 return on equity of 11.76% and a net margin of 3.82%. The company had revenue of $481.36 million during the quarter, compared to analyst estimates of $436.27 million. During the same period last year, the company posted $1.04 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share 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.

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