Arlington Value Capital LLC acquired a new stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 47,759 shares of the company’s stock, valued at approximately $6,311,000. Boston Beer Company, Inc. (The) comprises approximately 0.7% of Arlington Value Capital LLC’s portfolio, making the stock its 14th biggest holding. Arlington Value Capital LLC owned about 0.40% of Boston Beer Company, Inc. (The) at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of 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 valued at $106,173,000 after acquiring an additional 38,583 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Boston Beer Company, Inc. (The) by 83.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,534 shares of the company’s stock valued at $731,000 after acquiring an additional 2,524 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Boston Beer Company, Inc. (The) by 4.1% during the 1st quarter. OppenheimerFunds Inc. now owns 94,967 shares of the company’s stock valued at $13,736,000 after acquiring an additional 3,751 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 valued at $2,121,000 after acquiring an additional 220 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of 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 valued at $1,029,000 after acquiring an additional 367 shares during the last quarter. 70.73% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. Credit Suisse Group raised shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $140.00 to $150.00 in a research note on Tuesday. Berenberg Bank reaffirmed a “sell” rating and set a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Monday, September 18th. Macquarie assumed coverage on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They set an “underperform” rating and a $140.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 7th. Finally, BidaskClub downgraded shares of Boston Beer Company, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $140.00.

Shares of Boston Beer Company, Inc. (SAM) traded down 1.58% during mid-day trading on Thursday, hitting $159.35. The stock had a trading volume of 33,894 shares. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 22.67 and a beta of 0.57. The company has a 50-day moving average of $149.97 and a 200 day moving average of $143.06. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $180.45.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted 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. 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 during the quarter, compared to the consensus estimate of $222.74 million. During the same period last year, the business earned $2.06 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Boston Beer Company, Inc. will post $5.85 earnings per share for the current year.

In other 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 31.30% of the stock is owned by company insiders.

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Boston Beer Company, Inc. (The) Company 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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