Goldman Sachs Group Inc. grew its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 14.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,441 shares of the company’s stock after acquiring an additional 17,869 shares during the period. Goldman Sachs Group Inc. owned about 1.18% of Boston Beer Company, Inc. (The) worth $18,691,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SAM. Russell Investments Group Ltd. grew its holdings in 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 worth $1,085,000 after acquiring an additional 4,928 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Boston Beer Company, Inc. (The) by 10.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,507 shares of the company’s stock worth $795,000 after buying an additional 523 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Boston Beer Company, Inc. (The) by 46.6% in the 1st quarter. First Trust Advisors LP now owns 8,005 shares of the company’s stock worth $1,158,000 after buying an additional 2,545 shares during the last quarter. Comerica Bank lifted its position in shares of Boston Beer Company, Inc. (The) by 7.3% in the 1st quarter. Comerica Bank now owns 5,671 shares of the company’s stock worth $798,000 after buying an additional 386 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Boston Beer Company, Inc. (The) by 2.0% in the 1st quarter. Swiss National Bank now owns 15,200 shares of the company’s stock worth $2,199,000 after buying an additional 300 shares during the last quarter. 70.73% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on SAM. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Macquarie began coverage on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price target on the stock. Credit Suisse Group upgraded shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $140.00 to $150.00 in a research report on Tuesday, September 26th. Berenberg Bank restated a “sell” rating and issued a $124.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Monday, September 18th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Boston Beer Company, Inc. (The) has an average rating of “Hold” and a consensus target price of $140.00.

In other news, VP David L. Grinnell sold 2,628 shares of the business’s stock in a transaction 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 filing with the SEC, which is available at this link. 31.30% of the stock is currently owned by insiders.

Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at 173.75 on Friday. The company has a market capitalization of $2.08 billion, a P/E ratio of 24.72 and a beta of 0.56. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $180.45. The company has a 50-day moving average of $157.05 and a 200 day moving average of $144.78.

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, beating the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts forecast that Boston Beer Company, Inc. will post $5.87 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/15/boston-beer-company-inc-the-sam-holdings-lifted-by-goldman-sachs-group-inc.html.

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)

Receive News & Stock Ratings for Boston Beer Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Company Inc. (The) and related stocks with our FREE daily email newsletter.