International Assets Investment Management LLC Purchases New Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

International Assets Investment Management LLC acquired a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,662 shares of the company's stock, valued at approximately $64,490,000. International Assets Investment Management LLC owned about 0.15% of Boston Beer as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Camelot Portfolios LLC increased its stake in Boston Beer by 69.0% in the 4th quarter. Camelot Portfolios LLC now owns 980 shares of the company's stock worth $339,000 after buying an additional 400 shares during the period. Oak Thistle LLC purchased a new position in Boston Beer in the 4th quarter worth about $1,575,000. Schechter Investment Advisors LLC increased its stake in Boston Beer by 5.9% in the 4th quarter. Schechter Investment Advisors LLC now owns 4,637 shares of the company's stock worth $1,603,000 after buying an additional 258 shares during the period. Pacer Advisors Inc. increased its stake in Boston Beer by 29.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,412 shares of the company's stock worth $488,000 after buying an additional 319 shares during the period. Finally, Raymond James & Associates increased its stake in Boston Beer by 12.4% in the 4th quarter. Raymond James & Associates now owns 1,126 shares of the company's stock worth $389,000 after buying an additional 124 shares during the period. Institutional investors own 81.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Roth Mkm raised their target price on shares of Boston Beer from $406.00 to $422.00 and gave the company a "buy" rating in a research report on Tuesday, January 23rd. Piper Sandler started coverage on shares of Boston Beer in a research note on Friday, March 22nd. They set an "overweight" rating and a $350.00 price objective for the company. Sanford C. Bernstein upgraded shares of Boston Beer from an "underperform" rating to a "market perform" rating and lifted their price objective for the company from $280.00 to $335.00 in a research note on Tuesday, January 16th. UBS Group cut their target price on shares of Boston Beer from $390.00 to $355.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Finally, Morgan Stanley cut their target price on shares of Boston Beer from $285.00 to $275.00 and set an "underweight" rating for the company in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Boston Beer has a consensus rating of "Hold" and a consensus target price of $344.08.

Boston Beer Price Performance

Shares of SAM stock traded up $2.39 during trading hours on Monday, hitting $297.15. The stock had a trading volume of 88,771 shares, compared to its average volume of 139,818. The firm has a market capitalization of $3.57 billion, a PE ratio of 47.93, a PEG ratio of 1.06 and a beta of 1.02. The Boston Beer Company, Inc. has a twelve month low of $287.33 and a twelve month high of $395.52. The stock's 50 day moving average is $322.82 and its 200 day moving average is $341.96.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($1.27). The firm had revenue of $393.72 million during the quarter, compared to analyst estimates of $413.57 million. Boston Beer had a net margin of 3.61% and a return on equity of 8.13%. Boston Beer's revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.93) earnings per share. As a group, equities analysts predict that The Boston Beer Company, Inc. will post 9.98 earnings per share for the current year.

Insider Buying and Selling

In other Boston Beer news, insider Carolyn L. O'boyle sold 101 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares of the company's stock, valued at $2,133,231.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Carolyn L. O'boyle sold 101 shares of Boston Beer stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares in the company, valued at approximately $2,133,231.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carolyn L. O'boyle sold 102 shares of Boston Beer stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $350.72, for a total value of $35,773.44. Following the completion of the sale, the insider now owns 2,630 shares of the company's stock, valued at approximately $922,393.60. The disclosure for this sale can be found here. Corporate insiders own 23.30% of the company's stock.

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.