J. Goldman & Co LP Has $35.90 Million Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

J. Goldman & Co LP increased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 251.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,687 shares of the company's stock after acquiring an additional 85,669 shares during the period. Boston Beer comprises about 0.9% of J. Goldman & Co LP's investment portfolio, making the stock its 21st biggest position. J. Goldman & Co LP owned 1.04% of Boston Beer worth $35,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after purchasing an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after purchasing an additional 89 shares during the last quarter. GeoWealth Management LLC acquired a new position in Boston Beer in the fourth quarter valued at about $35,000. GAMMA Investing LLC boosted its position in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after buying an additional 51 shares during the last quarter. Institutional investors own 81.13% of the company's stock.

Boston Beer Stock Up 1.8%

SAM stock traded up $4.51 during midday trading on Friday, reaching $250.03. The stock had a trading volume of 108,497 shares, compared to its average volume of 165,571. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.23 and a beta of 1.14. The Boston Beer Company, Inc. has a twelve month low of $215.10 and a twelve month high of $339.77. The business has a fifty day simple moving average of $238.59 and a two-hundred day simple moving average of $264.37.

Boston Beer (NYSE:SAM - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.38. The company had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. On average, equities analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SAM shares. UBS Group boosted their target price on Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Piper Sandler decreased their target price 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 lifted 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. Finally, Morgan Stanley decreased their price objective on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $286.12.

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.