Barclays PLC Has $6.43 Million Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Barclays PLC lifted its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,428 shares of the company's stock after purchasing an additional 8,440 shares during the quarter. Barclays PLC owned about 0.19% of Boston Beer worth $6,428,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SAM. Entropy Technologies LP acquired a new stake in shares of Boston Beer in the fourth quarter valued at $368,000. Legato Capital Management LLC bought a new position in shares of Boston Beer during the 4th quarter valued at about $1,966,000. Merit Financial Group LLC bought a new position in shares of Boston Beer during the 4th quarter valued at about $434,000. Charles Schwab Investment Management Inc. grew its stake in shares of Boston Beer by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock worth $28,305,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Boston Beer in the 4th quarter worth approximately $30,741,000. Institutional investors and hedge funds own 81.13% of the company's stock.

Analysts Set New Price Targets

SAM has been the topic of several recent research reports. Roth Mkm restated a "buy" rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of Boston Beer in a report on Friday. Berenberg Bank initiated coverage on Boston Beer in a research report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 target price on the stock. Piper Sandler decreased their price target on Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Boston Beer presently has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer Stock Performance

Shares of NYSE SAM traded up $7.05 during mid-day trading on Friday, reaching $249.45. The company had a trading volume of 382,469 shares, compared to its average volume of 171,869. The stock's 50 day moving average is $236.77 and its 200-day moving average is $268.80. The Boston Beer Company, Inc. has a twelve month low of $215.10 and a twelve month high of $339.77. The stock has a market capitalization of $2.80 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $0.78 by $1.38. The business had revenue of $481.36 million during the quarter, compared to analysts' expectations of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. On average, sell-side analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current 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.