The Boston Beer Company, Inc. $SAM Shares Acquired by US Bancorp DE

US Bancorp DE grew its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 23.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 336 shares of the company’s stock after purchasing an additional 64 shares during the period. US Bancorp DE’s holdings in Boston Beer were worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SAM. J. Goldman & Co LP increased its holdings in shares of Boston Beer by 251.8% in the fourth quarter. J. Goldman & Co LP now owns 119,687 shares of the company’s stock valued at $35,904,000 after purchasing an additional 85,669 shares during the period. Freestone Grove Partners LP acquired a new position in Boston Beer during the fourth quarter worth $21,412,000. AQR Capital Management LLC grew its holdings in Boston Beer by 19.8% during the fourth quarter. AQR Capital Management LLC now owns 422,217 shares of the company’s stock worth $125,821,000 after acquiring an additional 69,778 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Boston Beer by 4.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company’s stock worth $211,030,000 after acquiring an additional 29,412 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in Boston Beer by 67.4% during the fourth quarter. Point72 Asset Management L.P. now owns 56,769 shares of the company’s stock worth $17,030,000 after acquiring an additional 22,854 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Insider Buying and Selling

In related news, VP Annette N. Fritsch sold 600 shares of Boston Beer stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the sale, the vice president owned 9,715 shares in the company, valued at approximately $2,129,916.60. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup dropped their price objective on Boston Beer from $285.00 to $230.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Morgan Stanley dropped their price objective on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Cfra Research raised Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a report on Thursday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $279.00 price objective on shares of Boston Beer in a report on Tuesday, April 22nd. Finally, Evercore ISI dropped their price objective on Boston Beer from $275.00 to $250.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boston Beer currently has a consensus rating of “Hold” and an average price target of $258.09.

Boston Beer Stock Performance

Boston Beer stock opened at $216.80 on Tuesday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.88 and a beta of 0.84. The Boston Beer Company, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $329.55. The stock’s fifty day moving average is $205.11 and its two-hundred day moving average is $225.58.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 24th. The company reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $1.08. The firm had revenue of $587.95 million during the quarter, compared to analysts’ expectations of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.39 EPS. As a group, sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

About Boston Beer

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.