Arizona State Retirement System raised its position in shares of Samuel Adams (NYSE:SAM) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,234 shares of the company’s stock after purchasing an additional 1,136 shares during the quarter. Arizona State Retirement System owned 0.05% of Samuel Adams worth $1,191,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of SAM. California Public Employees Retirement System increased its holdings in shares of Samuel Adams by 2.9% in the third quarter. California Public Employees Retirement System now owns 10,800 shares of the company’s stock valued at $1,687,000 after purchasing an additional 300 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Samuel Adams by 27.6% in the third quarter. Cubist Systematic Strategies LLC now owns 2,011 shares of the company’s stock valued at $314,000 after purchasing an additional 435 shares during the last quarter. Huntington National Bank grew its position in Samuel Adams by 173.9% in the fourth quarter. Huntington National Bank now owns 775 shares of the company’s stock worth $148,000 after acquiring an additional 492 shares during the period. Contrarius Investment Management Ltd grew its position in Samuel Adams by 1.6% in the third quarter. Contrarius Investment Management Ltd now owns 31,352 shares of the company’s stock worth $4,897,000 after acquiring an additional 505 shares during the period. Finally, Confluence Investment Management LLC boosted its position in shares of Samuel Adams by 2.2% during the fourth quarter. Confluence Investment Management LLC now owns 27,257 shares of the company’s stock worth $5,208,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.
Samuel Adams stock traded up $0.80 during trading on Friday, reaching $203.15. 110,777 shares of the company’s stock were exchanged, compared to its average volume of 147,895. Samuel Adams has a 52-week low of $128.70 and a 52-week high of $208.75. The stock has a market cap of $2,403.47, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 3.18 and a beta of 0.52.
Samuel Adams (NYSE:SAM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $206.32 million for the quarter, compared to analyst estimates of $206.46 million. Samuel Adams had a net margin of 11.04% and a return on equity of 18.55%. Samuel Adams’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. analysts predict that Samuel Adams will post 6.72 earnings per share for the current year.
In related news, insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $186.81, for a total value of $1,868,100.00. Following the transaction, the insider now directly owns 42,273 shares in the company, valued at approximately $7,897,019.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Grinnell sold 1,000 shares of Samuel Adams stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. The disclosure for this sale can be found here. Insiders sold 82,249 shares of company stock worth $15,607,041 in the last 90 days. 31.30% of the stock is owned by company insiders.
A number of research analysts recently issued reports on the company. Zacks Investment Research cut Samuel Adams from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Cowen raised Samuel Adams from an “underperform” rating to a “market perform” rating in a report on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $172.00 price objective (up previously from $160.00) on shares of Samuel Adams in a report on Thursday, February 22nd. Berenberg Bank raised Samuel Adams from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $175.00 price objective on shares of Samuel Adams in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Samuel Adams presently has a consensus rating of “Hold” and a consensus price target of $161.33.
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Samuel Adams 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.
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