M Holdings Securities Inc. Acquires New Position in The Boston Beer Company, Inc. (NYSE:SAM)

M Holdings Securities Inc. bought a new position in The Boston Beer Company, Inc. (NYSE:SAMGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 516 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in Boston Beer in the 1st quarter worth about $15,646,000. Cornerstone Advisory LLC bought a new position in Boston Beer in the 4th quarter worth about $30,000. Meeder Asset Management Inc. grew its position in Boston Beer by 166.7% in the 1st quarter. Meeder Asset Management Inc. now owns 72 shares of the company’s stock worth $28,000 after purchasing an additional 45 shares during the last quarter. HM Payson & Co. grew its position in Boston Beer by 114.3% in the 1st quarter. HM Payson & Co. now owns 150 shares of the company’s stock worth $58,000 after purchasing an additional 80 shares during the last quarter. Finally, MCF Advisors LLC bought a new position in Boston Beer in the 1st quarter worth about $61,000. Institutional investors own 70.32% of the company’s stock.

Insider Buying and Selling at Boston Beer

In other Boston Beer news, VP David L. Grinnell sold 425 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $379.92, for a total value of $161,466.00. Following the transaction, the vice president now owns 1,611 shares in the company, valued at approximately $612,051.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Carolyn L. O’boyle sold 251 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $381.73, for a total transaction of $95,814.23. Following the transaction, the insider now owns 2,593 shares in the company, valued at approximately $989,825.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David L. Grinnell sold 425 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $379.92, for a total transaction of $161,466.00. Following the transaction, the vice president now owns 1,611 shares in the company, valued at approximately $612,051.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,101 shares of company stock worth $386,892. 23.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SAM has been the subject of several recent analyst reports. TheStreet upgraded shares of Boston Beer from a “d+” rating to a “c” rating in a research report on Friday, July 22nd. Redburn Partners started coverage on shares of Boston Beer in a research note on Wednesday, July 13th. They issued a “sell” rating for the company. The Goldman Sachs Group reduced their price target on shares of Boston Beer from $318.00 to $258.00 and set a “sell” rating for the company in a research note on Wednesday, August 3rd. Sanford C. Bernstein reduced their price target on shares of Boston Beer to $320.00 in a research note on Friday, July 22nd. Finally, Jefferies Financial Group reduced their price target on shares of Boston Beer from $384.00 to $341.00 in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Boston Beer currently has an average rating of “Hold” and a consensus target price of $351.23.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $326.94 on Monday. The company has a market cap of $4.02 billion, a PE ratio of -67.69 and a beta of 0.97. The Boston Beer Company, Inc. has a 52 week low of $287.00 and a 52 week high of $556.68. The firm has a 50 day simple moving average of $352.91 and a 200 day simple moving average of $352.67.

Boston Beer (NYSE:SAMGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The company reported $4.31 EPS for the quarter, missing the consensus estimate of $5.23 by ($0.92). Boston Beer had a negative net margin of 2.91% and a positive return on equity of 8.60%. During the same quarter in the previous year, the company posted $4.72 earnings per share. On average, equities analysts predict that The Boston Beer Company, Inc. will post 8.22 earnings per share for the current year.

Boston Beer Company Profile

(Get Rating)

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 offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.

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

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