Lighthouse Investment Partners LLC Acquires New Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Lighthouse Investment Partners LLC acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,303 shares of the company's stock, valued at approximately $6,390,000. Lighthouse Investment Partners LLC owned about 0.19% of Boston Beer at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after acquiring an additional 48 shares during the last quarter. First Horizon Advisors Inc. grew its position in Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock valued at $52,000 after acquiring an additional 51 shares during the last quarter. Cetera Investment Advisers boosted its position in Boston Beer by 4.6% during the fourth 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. Exchange Traded Concepts LLC lifted its position in Boston Beer by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company's stock valued at $789,000 after purchasing an additional 65 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Boston Beer by 7.3% during the fourth quarter. Bank of Montreal Can now owns 1,001 shares of the company's stock valued at $300,000 after acquiring an additional 68 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Trading Up 1.8%

Shares of SAM traded up $4.51 during trading hours on Friday, hitting $250.03. The company had a trading volume of 108,497 shares, compared to its average volume of 165,571. The company's fifty day moving average price is $238.59 and its two-hundred day moving average price is $264.37. The Boston Beer Company, Inc. has a one year low of $215.10 and a one year high of $339.77. The company has a market capitalization of $2.79 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $0.78 by $1.38. The business had revenue of $481.36 million during the quarter, compared to analysts' expectations of $436.27 million. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. Analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Wall Street Analyst Weigh In

SAM has been the subject of several research analyst reports. Berenberg Bank initiated coverage on shares of Boston Beer in a research report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 target price for the company. Needham & Company LLC restated a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. Piper Sandler reduced their price target on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Roth Mkm reaffirmed a "buy" rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Finally, Citigroup lifted their price target on shares of Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Boston Beer has a consensus rating of "Hold" and an average price target of $286.12.

Boston Beer Company 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.