Loring Wolcott & Coolidge Fiduciary Advisors LLP MA continued to hold its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 964 shares of the company’s stock at the end of the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Boston Beer Company, Inc. (The) were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SAM. State Treasurer State of Michigan raised its stake in shares of Boston Beer Company, Inc. (The) by 5.6% in the first quarter. State Treasurer State of Michigan now owns 3,800 shares of the company’s stock valued at $550,000 after buying an additional 200 shares during the period. Vanguard Group Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 5.5% in the first quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock valued at $106,173,000 after buying an additional 38,583 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 4.1% in the first quarter. OppenheimerFunds Inc. now owns 94,967 shares of the company’s stock valued at $13,736,000 after buying an additional 3,751 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Boston Beer Company, Inc. (The) by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,665 shares of the company’s stock valued at $2,121,000 after buying an additional 220 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in shares of Boston Beer Company, Inc. (The) by 5.4% in the first quarter. Mutual of America Capital Management LLC now owns 7,115 shares of the company’s stock valued at $1,029,000 after buying an additional 367 shares during the period. Institutional investors and hedge funds own 70.75% of the company’s stock.

Boston Beer Company, Inc. (NYSE:SAM) opened at 151.80 on Wednesday. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $194.98. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.60 and a beta of 0.55. The company’s 50-day moving average is $142.64 and its 200-day moving average is $144.60.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.89. The firm had revenue of $247.90 million for the quarter, compared to analysts’ expectations of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. Boston Beer Company, Inc. (The)’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.06 EPS. Equities analysts predict that Boston Beer Company, Inc. will post $5.79 earnings per share for the current year.

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SAM has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Monday, July 17th. BidaskClub lowered shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $129.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Wednesday, May 31st. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $175.00 target price (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Finally, Cowen and Company reiterated an “underperform” rating and issued a $126.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Monday, June 12th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $142.13.

In related news, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 28.50% of the company’s stock.

About Boston Beer Company, Inc. (The)

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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Institutional Ownership by Quarter for Boston Beer Company, Inc. (The) (NYSE:SAM)

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