The Boston Beer Company, Inc. (NYSE:SAM) Shares Purchased by Financial Counselors Inc.

Financial Counselors Inc. increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAMFree Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,551 shares of the company’s stock after purchasing an additional 766 shares during the quarter. Financial Counselors Inc.’s holdings in Boston Beer were worth $1,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Armistice Capital LLC purchased a new position in Boston Beer during the fourth quarter valued at approximately $21,499,000. Norges Bank purchased a new position in Boston Beer during the fourth quarter valued at approximately $13,879,000. Vanguard Group Inc. increased its position in shares of Boston Beer by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after buying an additional 21,060 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Boston Beer in the fourth quarter valued at approximately $64,490,000. Finally, Wellington Management Group LLP increased its position in shares of Boston Beer by 26.5% in the third quarter. Wellington Management Group LLP now owns 66,548 shares of the company’s stock valued at $25,922,000 after buying an additional 13,951 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Price Performance

SAM stock opened at $289.26 on Wednesday. The Boston Beer Company, Inc. has a 1 year low of $254.40 and a 1 year high of $395.52. The firm has a market capitalization of $3.46 billion, a P/E ratio of 36.29, a P/E/G ratio of 1.10 and a beta of 1.03. The business’s 50-day moving average is $286.34 and its two-hundred day moving average is $310.68.

Boston Beer (NYSE:SAMGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.96. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. The firm had revenue of $426.05 million for the quarter, compared to the consensus estimate of $414.18 million. On average, analysts expect that The Boston Beer Company, Inc. will post 10.25 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on SAM. Deutsche Bank Aktiengesellschaft upgraded Boston Beer from a “sell” rating to a “hold” rating and set a $273.00 price objective for the company in a research report on Wednesday, May 8th. Morgan Stanley raised Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price target on the stock in a research note on Wednesday, June 5th. Evercore ISI lifted their price target on Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Finally, Citigroup lowered their price target on Boston Beer from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $335.00.

View Our Latest Stock Analysis on Boston Beer

Boston Beer Company Profile

(Free Report)

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.

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

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