The Boston Beer Company, Inc. (NYSE:SAM) Shares Bought by Swiss National Bank

Swiss National Bank grew its position in The Boston Beer Company, Inc. (NYSE:SAM – Get Rating) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,400 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Swiss National Bank owned about 0.19% of Boston Beer worth $7,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Boston Beer by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 886,104 shares of the company’s stock valued at $286,787,000 after purchasing an additional 18,969 shares during the last quarter. State Street Corp raised its holdings in shares of Boston Beer by 4.4% in the first quarter. State Street Corp now owns 251,852 shares of the company’s stock valued at $97,837,000 after buying an additional 10,704 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Boston Beer by 26.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 142,147 shares of the company’s stock worth $46,006,000 after buying an additional 29,851 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Boston Beer by 1.1% during the third quarter. Fisher Asset Management LLC now owns 141,356 shares of the company’s stock worth $45,750,000 after buying an additional 1,516 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Boston Beer by 25.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 106,374 shares of the company’s stock valued at $34,432,000 after acquiring an additional 21,599 shares during the period. 68.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boston Beer

In other Boston Beer news, insider John C. Geist sold 646 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $320.14, for a total value of $206,810.44. Following the transaction, the insider now directly owns 5,573 shares in the company, valued at approximately $1,784,140.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider John C. Geist sold 646 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $320.14, for a total transaction of $206,810.44. Following the sale, the insider now owns 5,573 shares in the company, valued at $1,784,140.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Annette N. Fritsch sold 220 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $318.37, for a total value of $70,041.40. Following the completion of the transaction, the vice president now owns 1,397 shares of the company’s stock, valued at $444,762.89. The disclosure for this sale can be found here. Corporate insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Boston Beer from $291.00 to $297.00 in a research report on Friday, April 28th. StockNews.com assumed coverage on shares of Boston Beer in a research note on Thursday. They issued a “hold” rating on the stock. Sanford C. Bernstein cut shares of Boston Beer from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $320.00 to $255.00 in a research note on Thursday, February 16th. Roth Mkm dropped their price target on shares of Boston Beer from $282.00 to $276.00 and set a “neutral” rating on the stock in a research note on Thursday, February 16th. Finally, Royal Bank of Canada raised their price objective on shares of Boston Beer from $300.00 to $311.00 in a research report on Friday, April 28th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $298.58.

Boston Beer Stock Performance

SAM opened at $322.41 on Thursday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 66.34 and a beta of 1.09. The Boston Beer Company, Inc. has a one year low of $287.00 and a one year high of $422.75. The business’s fifty day moving average is $317.45 and its two-hundred day moving average is $343.38.

Boston Beer (NYSE:SAM – Get Rating) last posted its earnings results on Thursday, April 27th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.41). Boston Beer had a net margin of 2.82% and a return on equity of 7.58%. The business had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $412.47 million. During the same quarter last year, the business posted ($0.16) earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that The Boston Beer Company, Inc. will post 7.02 EPS for the current fiscal year.

Boston Beer Profile

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Boston Beer Co, Inc engages in the production of alcoholic beverages. Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider and Dogfish Head Craft Brewery. Boston Beer produces alcohol beverages, including hard seltzer, malt beverages (“beers“), and hard cider at company-owned breweries and its cidery, and under contract arrangements at other brewery locations.