Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,312 shares of the company’s stock after purchasing an additional 60 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boston Beer Company, Inc. (The) were worth $306,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SAM. Victory Capital Management Inc. grew its holdings in Boston Beer Company, Inc. (The) by 85.6% during the 1st quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after purchasing an additional 381 shares during the last quarter. IFP Advisors Inc grew its holdings in Boston Beer Company, Inc. (The) by 12.7% during the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after purchasing an additional 136 shares during the last quarter. Advantus Capital Management Inc grew its holdings in Boston Beer Company, Inc. (The) by 8.8% during the 1st quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock valued at $178,000 after purchasing an additional 100 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Boston Beer Company, Inc. (The) during the 1st quarter valued at about $209,000. Finally, CIBC World Markets Inc. bought a new position in Boston Beer Company, Inc. (The) during the 1st quarter valued at about $223,000. Institutional investors own 70.74% of the company’s stock.

SAM has been the topic of several analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $129.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, May 31st. Cowen and Company reiterated an “underperform” rating and set a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Monday, June 12th. BidaskClub downgraded 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 reiterated a “hold” rating and set a $158.00 price target 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $142.13.

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Boston Beer Company, Inc. (NYSE SAM) opened at 154.10 on Thursday. The company has a market capitalization of $1.84 billion, a P/E ratio of 21.93 and a beta of 0.57. The firm has a 50-day moving average of $148.54 and a 200-day moving average of $143.32. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $180.45.

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

In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, July 28th. The shares were 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 can be accessed through the SEC website. 31.30% of the stock is owned by insiders.

Boston Beer Company, Inc. (The) Profile

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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