International Assets Investment Management LLC Takes $64.49 Million Position in The Boston Beer Company, Inc. (NYSE:SAM)

International Assets Investment Management LLC acquired a new position in 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 institutional investor acquired 18,662 shares of the company's stock, valued at approximately $64,490,000. International Assets Investment Management LLC owned approximately 0.15% of Boston Beer as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mission Wealth Management LP bought a new stake in shares of Boston Beer in the 3rd quarter worth approximately $227,000. Dakota Wealth Management acquired a new position in shares of Boston Beer during the 3rd quarter worth about $273,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Boston Beer during the 3rd quarter worth approximately $348,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Boston Beer by 14.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,518 shares of the company's stock worth $591,000 after buying an additional 196 shares in the last quarter. Finally, Simmons Bank increased its stake in Boston Beer by 1.3% in the third quarter. Simmons Bank now owns 6,882 shares of the company's stock valued at $2,681,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 81.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SAM shares. Sanford C. Bernstein upgraded shares of Boston Beer from an "underperform" rating to a "market perform" rating and upped their target price for the stock from $280.00 to $335.00 in a research report on Tuesday, January 16th. Roth Mkm upped their price objective on shares of Boston Beer from $406.00 to $422.00 and gave the company a "buy" rating in a report on Tuesday, January 23rd. Citigroup lowered their price objective on shares of Boston Beer from $350.00 to $315.00 and set a "neutral" rating for the company in a research report on Tuesday, April 16th. Evercore ISI lifted their price objective on Boston Beer from $310.00 to $325.00 and gave the stock an "in-line" rating in a research note on Friday, April 26th. Finally, UBS Group dropped their price objective on Boston Beer from $390.00 to $355.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $335.21.

Insider Transactions at Boston Beer

In related news, insider Carolyn L. O'boyle sold 101 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 7,029 shares of the company's stock, valued at approximately $2,133,231.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.30% of the company's stock.

Boston Beer Trading Down 0.6 %

NYSE SAM traded down $1.70 on Friday, hitting $277.28. 165,122 shares of the company's stock traded hands, compared to its average volume of 149,561. The Boston Beer Company, Inc. has a 1-year low of $274.78 and a 1-year high of $395.52. The firm has a market capitalization of $3.33 billion, a PE ratio of 34.79, a P/E/G ratio of 1.04 and a beta of 1.03. The firm's 50-day moving average price is $298.15 and its two-hundred day moving average price is $331.63.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.96. The business had revenue of $426.05 million during the quarter, compared to analysts' expectations of $414.18 million. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. On average, research analysts anticipate that The Boston Beer Company, Inc. will post 10.26 earnings per share for the current fiscal 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.