AMG National Trust Bank Acquires Shares of 5,545 Boston Beer Company, Inc. (The) (NYSE:SAM)

AMG National Trust Bank purchased a new stake in Boston Beer Company, Inc. (The) (NYSE:SAM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,545 shares of the company’s stock, valued at approximately $866,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SAM. New Amsterdam Partners LLC NY purchased a new position in Boston Beer Company, Inc. (The) during the 3rd quarter valued at about $4,672,000. Chicago Equity Partners LLC purchased a new position in Boston Beer Company, Inc. (The) during the 3rd quarter valued at about $2,899,000. Shaker Investments LLC OH purchased a new position in Boston Beer Company, Inc. (The) during the 3rd quarter valued at about $209,000. Dupont Capital Management Corp increased its holdings in Boston Beer Company, Inc. (The) by 211.3% during the 3rd quarter. Dupont Capital Management Corp now owns 8,941 shares of the company’s stock valued at $1,397,000 after acquiring an additional 6,069 shares in the last quarter. Finally, ARP Americas LLC purchased a new position in Boston Beer Company, Inc. (The) during the 3rd quarter valued at about $268,000. Institutional investors and hedge funds own 72.05% of the company’s stock.

Several equities analysts have weighed in on SAM shares. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 7th. Macquarie started coverage on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 14th. They set an “underperform” rating and a $140.00 target price for the company. Berenberg Bank restated a “sell” rating and set a $124.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Monday, September 18th. Finally, Credit Suisse Group raised shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $140.00 to $150.00 in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Boston Beer Company, Inc. (The) has an average rating of “Hold” and a consensus target price of $149.80.

Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at $177.15 on Thursday. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $181.20. The stock has a market cap of $2,080.00, a P/E ratio of 24.08, a P/E/G ratio of 5.81 and a beta of 0.57.

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

In related news, insider Jonathan N. Potter sold 771 shares of the firm’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 this hyperlink. 28.50% of the stock is currently owned by company insiders.

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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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