Boston Beer Company Inc (SAM) Stake Boosted by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC increased its holdings in shares of Boston Beer Company Inc (NYSE:SAM) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,364 shares of the company’s stock after purchasing an additional 200 shares during the period. Stone Ridge Asset Management LLC’s holdings in Boston Beer were worth $392,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SAM. Macquarie Group Ltd. increased its position in shares of Boston Beer by 30,313.3% during the 2nd quarter. Macquarie Group Ltd. now owns 182,480 shares of the company’s stock worth $54,689,000 after purchasing an additional 181,880 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in Boston Beer by 39.1% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 179,484 shares of the company’s stock valued at $51,601,000 after purchasing an additional 50,418 shares during the period. Acadian Asset Management LLC boosted its stake in Boston Beer by 175.3% in the 2nd quarter. Acadian Asset Management LLC now owns 74,761 shares of the company’s stock valued at $22,409,000 after purchasing an additional 47,608 shares during the period. Sandler Capital Management bought a new stake in shares of Boston Beer during the 2nd quarter valued at $13,487,000. Finally, BlackRock Inc. lifted its position in shares of Boston Beer by 4.3% during the 2nd quarter. BlackRock Inc. now owns 942,356 shares of the company’s stock valued at $282,424,000 after acquiring an additional 38,908 shares during the period. Institutional investors and hedge funds own 72.16% of the company’s stock.

In other Boston Beer news, VP Quincy B. Troupe sold 700 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $298.80, for a total transaction of $209,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman C James Koch sold 10,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $318.68, for a total value of $3,186,800.00. The disclosure for this sale can be found here. Insiders sold a total of 25,700 shares of company stock worth $8,018,760 over the last ninety days. 29.20% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on SAM shares. ValuEngine raised Boston Beer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. Royal Bank of Canada reissued a “neutral” rating and issued a $210.00 price target on shares of Boston Beer in a research note on Friday, July 27th. BMO Capital Markets decreased their price target on Boston Beer to $260.00 and set a “market perform” rating for the company in a research note on Friday, July 27th. Citigroup upped their target price on Boston Beer from $285.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 29th. Finally, Zacks Investment Research upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Boston Beer has a consensus rating of “Hold” and a consensus price target of $271.67.

Shares of NYSE:SAM opened at $295.93 on Friday. Boston Beer Company Inc has a 1 year low of $160.40 and a 1 year high of $329.95. The stock has a market cap of $3.40 billion, a P/E ratio of 49.24, a price-to-earnings-growth ratio of 3.96 and a beta of 0.56.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 25th. The company reported $3.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.35 by ($0.14). Boston Beer had a net margin of 10.17% and a return on equity of 18.00%. The firm had revenue of $326.85 million for the quarter, compared to the consensus estimate of $270.60 million. As a group, equities analysts forecast that Boston Beer Company Inc will post 7.48 earnings per share for the current year.

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

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