The Boston Beer Company, Inc. (NYSE:SAM) is Southernsun Asset Management LLC's 10th Largest Position

Southernsun Asset Management LLC increased its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 121,972 shares of the company's stock after purchasing an additional 1,864 shares during the period. Boston Beer makes up approximately 4.6% of Southernsun Asset Management LLC's investment portfolio, making the stock its 10th largest position. Southernsun Asset Management LLC owned 1.06% of Boston Beer worth $36,589,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in Boston Beer by 33.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,442 shares of the company's stock worth $433,000 after buying an additional 364 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Boston Beer by 59.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 618 shares of the company's stock worth $185,000 after buying an additional 230 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Boston Beer by 6.2% during the 4th quarter. MetLife Investment Management LLC now owns 4,929 shares of the company's stock worth $1,479,000 after buying an additional 289 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Boston Beer by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company's stock valued at $67,723,000 after purchasing an additional 19,063 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Boston Beer by 17.4% in the 4th quarter. First Trust Advisors LP now owns 31,620 shares of the company's stock valued at $9,485,000 after purchasing an additional 4,681 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SAM. Cfra Research upgraded shares of Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday. Needham & Company LLC restated a "hold" rating on shares of Boston Beer in a report on Friday. Royal Bank of Canada restated a "sector perform" rating and issued a $279.00 price objective on shares of Boston Beer in a report on Tuesday, April 22nd. Berenberg Bank assumed 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 on the stock. Finally, Morgan Stanley dropped their target price on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Boston Beer currently has a consensus rating of "Hold" and an average target price of $286.12.

Boston Beer Stock Performance

Boston Beer stock traded up $7.05 during midday trading on Friday, hitting $249.45. 382,469 shares of the company's stock were exchanged, compared to its average volume of 171,869. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $339.77. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The firm's 50 day simple moving average is $236.77 and its 200 day simple moving average is $268.80.

Boston Beer (NYSE:SAM - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $0.78 by $1.38. The business had revenue of $481.36 million for 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%. On average, equities research analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS 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.