XTX Topco Ltd Increases Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

XTX Topco Ltd boosted its position in The Boston Beer Company, Inc. (NYSE:SAM) by 72.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,967 shares of the company’s stock after buying an additional 1,666 shares during the quarter. XTX Topco Ltd’s holdings in Boston Beer were worth $1,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its stake in shares of Boston Beer by 8.3% in the fourth quarter. Gilbert & Cook Inc. now owns 1,204 shares of the company’s stock worth $416,000 after acquiring an additional 92 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Boston Beer by 28.7% in the 4th quarter. Private Advisor Group LLC now owns 781 shares of the company’s stock valued at $270,000 after purchasing an additional 174 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Boston Beer by 93.7% in the 4th quarter. Teacher Retirement System of Texas now owns 2,301 shares of the company’s stock valued at $795,000 after purchasing an additional 1,113 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Boston Beer by 49.1% during the fourth quarter. BNP Paribas Financial Markets now owns 3,864 shares of the company’s stock worth $1,335,000 after buying an additional 1,272 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Boston Beer by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock worth $49,080,000 after buying an additional 7,615 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAM. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price objective on the stock in a research note on Wednesday, June 5th. Piper Sandler decreased their price target on Boston Beer from $344.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Roth Mkm reduced their target price on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $326.92.

Boston Beer Stock Down 2.2 %

Boston Beer stock opened at $269.40 on Friday. The firm has a 50-day moving average price of $276.54 and a two-hundred day moving average price of $285.14. The Boston Beer Company, Inc. has a 52-week low of $254.40 and a 52-week high of $395.52. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 1.11 and a beta of 1.05.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The business had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $4.72 earnings per share. Research analysts expect that The Boston Beer Company, Inc. will post 9.65 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.