Rhumbline Advisers lowered its stake in Boston Beer Company, Inc. (The) (NYSE:SAM) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,664 shares of the company’s stock after selling 179 shares during the period. Rhumbline Advisers owned 0.23% of Boston Beer Company, Inc. (The) worth $2,731,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its holdings in shares of Boston Beer Company, Inc. (The) by 1.1% during the 4th quarter. Teachers Advisors LLC now owns 14,185 shares of the company’s stock valued at $2,409,000 after buying an additional 158 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Boston Beer Company, Inc. (The) by 4.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the company’s stock valued at $333,000 after buying an additional 100 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Boston Beer Company, Inc. (The) by 1.2% during the 1st quarter. Nationwide Fund Advisors now owns 20,744 shares of the company’s stock valued at $3,001,000 after buying an additional 248 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Boston Beer Company, Inc. (The) by 191.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,498 shares of the company’s stock valued at $1,085,000 after buying an additional 4,928 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Boston Beer Company, Inc. (The) by 52.0% during the 1st quarter. Wells Fargo & Company MN now owns 72,479 shares of the company’s stock valued at $10,484,000 after buying an additional 24,784 shares in the last quarter. Institutional investors and hedge funds own 70.74% of the company’s stock.

Boston Beer Company, Inc. (NYSE SAM) opened at 150.45 on Monday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 21.41 and a beta of 0.57. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $180.45. The stock has a 50 day moving average price of $147.43 and a 200 day moving average price of $143.74.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The company had revenue of $247.90 million for the quarter, compared to the consensus estimate of $222.74 million. During the same quarter last year, the company earned $2.06 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Boston Beer Company, Inc. will post $5.79 EPS for the current fiscal year.

In related news, VP David L. Grinnell sold 2,628 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total transaction of $420,217.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 28.50% of the stock is owned by company insiders.

A number of analysts have recently commented on SAM shares. Jefferies Group LLC restated a “hold” rating and set a $129.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, May 31st. Cowen and Company restated an “underperform” rating and set a $126.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Monday, June 12th. BidaskClub cut shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and set a $158.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Boston Beer Company, Inc. (The) currently has a consensus rating of “Hold” and a consensus price target of $142.13.

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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.

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

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