Boston Beer Company, Inc. (The) (SAM) Holdings Lessened by USA Financial Portformulas Corp

USA Financial Portformulas Corp trimmed its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 21.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,910 shares of the company’s stock after selling 1,358 shares during the period. USA Financial Portformulas Corp’s holdings in Boston Beer Company, Inc. (The) were worth $649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $111,000 after acquiring an additional 411 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Boston Beer Company, Inc. (The) by 85.6% in the 1st quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock worth $119,000 after buying an additional 381 shares in the last quarter. IFP Advisors Inc grew its stake 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 worth $159,000 after buying an additional 136 shares in the last quarter. Advantus Capital Management Inc grew its stake in shares of Boston Beer Company, Inc. (The) by 8.8% in the 1st quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock worth $178,000 after buying an additional 100 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake 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 worth $208,000 after buying an additional 76 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

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Boston Beer Company, Inc. (NYSE SAM) traded down 1.860% during midday trading on Friday, hitting $172.775. 170,339 shares of the stock were exchanged. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $181.10. The stock has a market cap of $2.07 billion, a P/E ratio of 24.584 and a beta of 0.56. The firm has a 50-day moving average price of $162.79 and a 200-day moving average price of $146.76.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 20.19% and a net margin of 9.65%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. On average, equities research analysts anticipate that Boston Beer Company, Inc. will post $5.87 EPS for the current fiscal year.

SAM has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $175.00 price objective (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 21st. Credit Suisse Group upgraded shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $140.00 to $150.00 in a report on Tuesday, September 26th. Macquarie started coverage on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 14th. They set an “underperform” rating and a $140.00 target price on the stock. Finally, 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. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $140.11.

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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