Northwestern Mutual Investment Management Company LLC grew its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 0.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,612 shares of the company’s stock after purchasing an additional 8 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Boston Beer Company, Inc. (The) were worth $276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Treasurer State of Michigan increased its holdings in Boston Beer Company, Inc. (The) by 5.6% during the 1st quarter. State Treasurer State of Michigan now owns 3,800 shares of the company’s stock worth $550,000 after purchasing an additional 200 shares in the last quarter. Vanguard Group Inc. increased its holdings in Boston Beer Company, Inc. (The) by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock worth $106,173,000 after purchasing an additional 38,583 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Boston Beer Company, Inc. (The) by 4.1% during the 1st quarter. OppenheimerFunds Inc. now owns 94,967 shares of the company’s stock worth $13,736,000 after purchasing an additional 3,751 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Boston Beer Company, Inc. (The) by 1.5% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 14,665 shares of the company’s stock worth $2,121,000 after purchasing an additional 220 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in Boston Beer Company, Inc. (The) by 5.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 7,115 shares of the company’s stock worth $1,029,000 after purchasing an additional 367 shares in the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on SAM shares. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Monday, July 17th. BidaskClub raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and set a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, May 31st. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $175.00 target price (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 21st. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $138.75.

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Boston Beer Company, Inc. (NYSE:SAM) opened at 152.75 on Tuesday. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $180.45. The stock has a 50 day moving average price of $150.10 and a 200 day moving average price of $143.13. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 21.73 and a beta of 0.57.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 27th. The company reported $2.35 earnings per share 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 during the quarter, compared to analyst estimates of $222.74 million. During the same period in the previous year, the business earned $2.06 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts expect that Boston Beer Company, Inc. will post $5.81 EPS for the current year.

In related news, VP David L. Grinnell sold 2,628 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $159.90, for a total value of $420,217.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.50% 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.

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

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