Gotham Asset Management LLC Has $13.34 Million Position in The Boston Beer Company, Inc. (NYSE:SAM)

Gotham Asset Management LLC boosted its position in The Boston Beer Company, Inc. (NYSE:SAM) by 37.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,460 shares of the company’s stock after buying an additional 12,212 shares during the quarter. Gotham Asset Management LLC owned approximately 0.39% of Boston Beer worth $13,337,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after purchasing an additional 89 shares during the last quarter. GeoWealth Management LLC bought a new stake in Boston Beer in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC boosted its stake in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after acquiring an additional 48 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the period. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

SAM has been the subject of several research reports. Cfra Research upgraded shares of Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research report on Thursday, April 24th. Piper Sandler reduced their price target on Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Citigroup boosted their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the company a “buy” rating in a report on Monday, April 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Boston Beer in a report on Friday, April 25th. Finally, Royal Bank of Canada reiterated 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and a consensus price target of $286.12.

Boston Beer Trading Down 0.9 %

Shares of NYSE SAM opened at $242.73 on Friday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.23 and a beta of 1.14. 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 50-day moving average price of $238.11 and a two-hundred day moving average price of $265.75.

Boston Beer (NYSE:SAM) last released its quarterly earnings data 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. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The company had revenue of $481.36 million for the quarter, compared to the consensus estimate of $436.27 million. During the same quarter last year, the business posted $1.04 EPS. Boston Beer’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Boston Beer Company 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.