The Boston Beer Company, Inc. (NYSE:SAM) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,632 shares of the company's stock after acquiring an additional 14,458 shares during the period. Northern Trust Corp owned approximately 0.70% of Boston Beer worth $24,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAM. Barclays PLC increased its holdings in Boston Beer by 44.2% in the 3rd quarter. Barclays PLC now owns 12,988 shares of the company's stock valued at $3,753,000 after acquiring an additional 3,983 shares during the last quarter. Tidal Investments LLC bought a new stake in Boston Beer in the 3rd quarter valued at $299,000. Franklin Resources Inc. increased its holdings in Boston Beer by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,389 shares of the company's stock valued at $4,239,000 after acquiring an additional 1,406 shares during the last quarter. 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 valued at $39,000 after acquiring an additional 48 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Boston Beer by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company's stock valued at $1,674,000 after acquiring an additional 74 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Trading Up 3.0%

Shares of SAM traded up $7.25 during mid-day trading on Thursday, hitting $245.25. The company's stock had a trading volume of 120,246 shares, compared to its average volume of 165,800. The company's 50-day moving average is $238.59 and its 200-day moving average is $264.37. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 1.23 and a beta of 1.14.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Mkm reissued a "buy" rating and issued a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 price objective on shares of Boston Beer in a research note on Tuesday, April 22nd. StockNews.com raised shares of Boston Beer from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Berenberg Bank assumed coverage on shares of Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price objective for the company. Finally, Piper Sandler dropped their price objective on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.