Boston Beer Company, Inc. (The) (SAM) Stake Decreased by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 13.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,841 shares of the company’s stock after selling 1,078 shares during the quarter. Royal Bank of Canada owned approximately 0.06% of Boston Beer Company, Inc. (The) worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Boston Beer Company, Inc. (The) by 12,367.2% during the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after buying an additional 1,118,981 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Boston Beer Company, Inc. (The) by 2.0% in the second quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock worth $98,974,000 after purchasing an additional 14,951 shares during the period. American Century Companies Inc. boosted its holdings in Boston Beer Company, Inc. (The) by 16.4% in the second quarter. American Century Companies Inc. now owns 333,995 shares of the company’s stock worth $44,137,000 after purchasing an additional 47,027 shares during the period. State Street Corp boosted its holdings in Boston Beer Company, Inc. (The) by 4.0% in the first quarter. State Street Corp now owns 282,211 shares of the company’s stock worth $40,821,000 after purchasing an additional 10,908 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Boston Beer Company, Inc. (The) by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 227,183 shares of the company’s stock worth $30,023,000 after purchasing an additional 32,822 shares during the period. 71.39% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Citigroup Inc. lifted their price objective on shares of Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a report on Monday, October 30th. Credit Suisse Group lifted their price objective on shares of Boston Beer Company, Inc. (The) from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Berenberg Bank reaffirmed a “sell” rating and issued a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Monday, September 18th. Finally, Macquarie assumed coverage on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price objective for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $149.00.

Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at $173.50 on Monday. The stock has a market capitalization of $2,040.36, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 5.71 and a beta of 0.57. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $181.20.

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

In other Boston Beer Company, Inc. (The) news, insider Jonathan N. Potter sold 771 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total value of $133,768.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 28.50% 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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