Boston Advisors LLC Buys Shares of 2,145 Boston Beer Company, Inc. (The) (SAM)

Boston Advisors LLC bought a new stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,145 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Boston Beer Company, Inc. (The) by 85.6% during the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after purchasing an additional 381 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boston Beer Company, Inc. (The) by 95.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after acquiring an additional 411 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Boston Beer Company, Inc. (The) by 12.7% in the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after acquiring an additional 136 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Boston Beer Company, Inc. (The) in the 3rd quarter valued at approximately $237,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Boston Beer Company, Inc. (The) by 5.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after acquiring an additional 76 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

In other Boston Beer Company, Inc. (The) news, CMO Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $171.90, for a total value of $75,464.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 31.30% of the company’s stock.

Several equities research analysts recently commented on SAM shares. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Cowen and Company restated a “sell” rating and issued a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 14th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $175.00 price target (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and reduced their price target for the company from $140.00 to $110.00 in a research report on Monday, July 24th. Finally, BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $149.00.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.48 earnings per share.

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Boston Beer Company, Inc. (The) 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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