Jump Financial LLC Reduces Position in The Boston Beer Company, Inc. (NYSE:SAM)

Jump Financial LLC cut its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 79.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,325 shares of the company’s stock after selling 5,187 shares during the quarter. Jump Financial LLC’s holdings in Boston Beer were worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Entropy Technologies LP purchased a new position in Boston Beer during the 4th quarter worth $368,000. Legato Capital Management LLC purchased a new stake in Boston Beer in the 4th quarter valued at approximately $1,966,000. Merit Financial Group LLC purchased a new stake in shares of Boston Beer in the fourth quarter valued at $434,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Boston Beer by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company’s stock valued at $28,305,000 after acquiring an additional 4,675 shares during the last quarter. Finally, Norges Bank purchased a new stake in Boston Beer during the 4th quarter worth about $30,741,000. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Stock Performance

Boston Beer stock opened at $249.45 on Friday. The company has a market cap of $2.80 billion, a P/E ratio of 36.68, a PEG ratio of 1.23 and a beta of 1.26. The firm’s 50-day moving average is $236.77 and its 200-day moving average is $268.87. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77.

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, topping analysts’ consensus estimates of $0.78 by $1.38. The business had revenue of $481.36 million for the quarter, compared to analysts’ expectations of $436.27 million. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. As a group, sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on SAM shares. UBS Group raised their target price on shares of Boston Beer from $265.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Boston Beer in a research report on Friday. 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 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 price target on shares of Boston Beer in a research report on Tuesday. Finally, Morgan Stanley lowered their target price on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Boston Beer has an average rating of “Hold” and an average target price of $290.01.

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.