4,787 Shares in Boston Beer Company Inc (SAM) Acquired by Kepos Capital LP

Kepos Capital LP purchased a new position in shares of Boston Beer Company Inc (NYSE:SAM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,787 shares of the company’s stock, valued at approximately $1,376,000.

A number of other large investors have also modified their holdings of SAM. BlackRock Inc. raised its holdings in shares of Boston Beer by 0.9% in the 3rd quarter. BlackRock Inc. now owns 951,038 shares of the company’s stock valued at $273,422,000 after purchasing an additional 8,682 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Boston Beer by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 225,846 shares of the company’s stock valued at $64,934,000 after purchasing an additional 1,000 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Boston Beer by 30,313.3% in the 2nd quarter. Macquarie Group Ltd. now owns 182,480 shares of the company’s stock valued at $54,689,000 after purchasing an additional 181,880 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in shares of Boston Beer by 39.1% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 179,484 shares of the company’s stock valued at $51,601,000 after purchasing an additional 50,418 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in shares of Boston Beer by 4.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 162,504 shares of the company’s stock valued at $46,720,000 after purchasing an additional 7,634 shares during the period. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

In other Boston Beer news, VP Quincy B. Troupe sold 700 shares of the stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $298.80, for a total transaction of $209,160.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman C James Koch sold 9,317 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $278.55, for a total transaction of $2,595,250.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,017 shares of company stock worth $10,614,010. Company insiders own 29.20% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Boston Beer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. Zacks Investment Research raised shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Citigroup upped their target price on shares of Boston Beer from $285.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $270.00 target price on shares of Boston Beer in a report on Friday, October 26th. Finally, Guggenheim assumed coverage on shares of Boston Beer in a research note on Thursday, September 13th. They issued a “buy” rating and a $381.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $271.67.

Shares of SAM opened at $282.24 on Tuesday. Boston Beer Company Inc has a 52 week low of $160.40 and a 52 week high of $329.95. The stock has a market capitalization of $3.16 billion, a P/E ratio of 46.96, a P/E/G ratio of 3.67 and a beta of 0.52.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, October 25th. The company reported $3.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.35 by ($0.14). Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. The business had revenue of $326.85 million for the quarter, compared to analyst estimates of $270.60 million. Equities analysts forecast that Boston Beer Company Inc will post 7.48 earnings per share for the current year.

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Boston Beer Profile

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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

Further Reading: What is the yield curve?

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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