Chicago Equity Partners LLC Purchases Shares of 18,560 Boston Beer Company, Inc. (The) (SAM)

Chicago Equity Partners LLC purchased a new position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,560 shares of the company’s stock, valued at approximately $2,899,000. Chicago Equity Partners LLC owned about 0.16% of Boston Beer Company, Inc. (The) as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SAM. Northwestern Mutual Wealth Management Co. boosted its holdings in Boston Beer Company, Inc. (The) by 95.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after purchasing an additional 411 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Boston Beer Company, Inc. (The) by 17.6% during the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after purchasing an additional 145 shares during the last quarter. IFP Advisors Inc boosted its holdings in Boston Beer Company, Inc. (The) by 12.7% during the second quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $159,000 after purchasing an additional 136 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Boston Beer Company, Inc. (The) by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after purchasing an additional 76 shares during the last quarter. Finally, Shaker Investments LLC OH purchased a new position in Boston Beer Company, Inc. (The) during the third quarter worth about $209,000. Institutional investors and hedge funds own 71.39% of the company’s stock.

Shares of Boston Beer Company, Inc. (NYSE SAM) opened at $176.40 on Friday. The company has a market cap of $2,071.52, a PE ratio of 24.03, a price-to-earnings-growth ratio of 5.79 and a beta of 0.57. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 26th. The company reported $2.78 EPS for the quarter, topping the consensus estimate of $1.99 by $0.79. The business had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. Boston Beer Company, Inc. (The) had a net margin of 9.97% and a return on equity of 21.11%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.48 earnings per share. equities analysts predict that Boston Beer Company, Inc. will post 6.08 earnings per share for the current fiscal year.

Several research firms recently weighed in on SAM. TheStreet upgraded shares of Boston Beer Company, Inc. (The) from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. BidaskClub cut shares of Boston Beer Company, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 7th. Credit Suisse Group boosted their price target on shares of Boston Beer Company, Inc. (The) from $150.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Cowen and Company restated a “sell” rating and set a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $149.00.

In other news, insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total value of $133,768.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 31.30% of the company’s stock.

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Boston Beer Company, Inc. (The) Company Profile

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.

Institutional Ownership by Quarter for Boston Beer Company, Inc. (The) (NYSE:SAM)

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