Nomura Holdings Inc. Has $2.65 Million Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Nomura Holdings Inc. boosted its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,826 shares of the company's stock after purchasing an additional 2,946 shares during the period. Nomura Holdings Inc. owned 0.08% of Boston Beer worth $2,648,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SAM. Entropy Technologies LP acquired a new position in shares of Boston Beer during the 4th quarter worth approximately $368,000. Legato Capital Management LLC bought a new stake in Boston Beer during the fourth quarter worth $1,966,000. Merit Financial Group LLC acquired a new stake in Boston Beer in the fourth quarter valued at $434,000. Charles Schwab Investment Management Inc. grew its position in shares of Boston Beer by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock valued at $28,305,000 after acquiring an additional 4,675 shares during the period. Finally, Norges Bank bought a new position in shares of Boston Beer in the 4th quarter valued at about $30,741,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAM shares. Roth Mkm reiterated a "buy" rating and issued a $349.00 target price (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Citigroup raised their price objective on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 14th. Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $279.00 price target on shares of Boston Beer in a research note on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $286.12.

Boston Beer Stock Down 1.2%

Shares of SAM traded down $2.98 during midday trading on Thursday, reaching $235.77. 12,975 shares of the stock were exchanged, compared to its average volume of 163,979. The stock's 50 day simple moving average is $239.75 and its 200 day simple moving average is $262.95. The Boston Beer Company, Inc. has a twelve month low of $215.10 and a twelve month high of $339.77. The company has a market cap of $2.63 billion, a P/E ratio of 34.68, a PEG ratio of 1.23 and a beta of 1.14.

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

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.