21,303 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 21,303 shares of the company’s stock, valued at approximately $6,390,000.

A number of other hedge funds have also recently made changes to their positions in SAM. Blue Trust Inc. boosted its position in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after purchasing an additional 89 shares during the period. GeoWealth Management LLC purchased a new position in shares of Boston Beer during the 4th quarter worth approximately $35,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 48 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

NYSE SAM opened at $242.97 on Tuesday. The firm’s fifty day moving average price is $238.21 and its 200 day moving average price is $265.13. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth 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.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, April 24th. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $1.38. The firm 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%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. As a group, sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SAM shares. 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. Cfra Research upgraded shares of Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a report on Thursday, April 24th. Berenberg Bank started coverage on shares of Boston Beer in a report on Wednesday, April 2nd. They issued a “hold” rating and a $281.10 price objective on the stock. StockNews.com upgraded shares of Boston Beer from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Finally, Piper Sandler reduced their price objective on shares of Boston Beer from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $286.12.

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.