Strs Ohio maintained its stake in Boston Beer Company, Inc. (The) (NYSE:SAM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the company’s stock at the end of the second quarter. Strs Ohio owned approximately 0.20% of Boston Beer Company, Inc. (The) worth $3,303,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SAM. Cardinal Capital Management increased its stake in Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Cardinal Capital Management now owns 1,958 shares of the company’s stock worth $283,000 after buying an additional 43 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Boston Beer Company, Inc. (The) by 3.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 1,604 shares of the company’s stock worth $232,000 after buying an additional 47 shares during the last quarter. Arizona State Retirement System increased its stake in Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Arizona State Retirement System now owns 3,900 shares of the company’s stock worth $564,000 after buying an additional 84 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Boston Beer Company, Inc. (The) by 4.5% in the first quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the company’s stock worth $333,000 after buying an additional 100 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock worth $178,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
Boston Beer Company, Inc. (SAM) opened at 146.00 on Friday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 20.77 and a beta of 0.55. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $194.98. The company’s 50-day moving average is $141.03 and its 200-day moving average is $144.90.
Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its earnings results on Thursday, July 27th. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $1.46 by $0.89. The firm had revenue of $247.90 million for the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. Equities analysts anticipate that Boston Beer Company, Inc. will post $5.78 earnings per share for the current year.
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A number of research firms recently commented on SAM. UBS AG upgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating in a report on Friday, April 28th. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $129.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $140.00 to $110.00 in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $158.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Boston Beer Company, Inc. (The) currently has an average rating of “Hold” and a consensus price target of $142.13.
In other Boston Beer Company, Inc. (The) news, Director David A. Burwick sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the sale, the director now directly owns 6,094 shares in the company, valued at approximately $877,536. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Grinnell sold 2,628 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $159.90, for a total transaction of $420,217.20. The disclosure for this sale can be found here. Company insiders own 31.30% of the company’s stock.
About Boston Beer Company, Inc. (The)
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
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