Contrarius Investment Management Ltd grew its position in Boston Beer Company, Inc. (The) (NYSE:SAM) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,352 shares of the company’s stock after buying an additional 505 shares during the quarter. Contrarius Investment Management Ltd owned 0.27% of Boston Beer Company, Inc. (The) worth $4,897,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Voya Investment Management LLC lifted its holdings in shares of Boston Beer Company, Inc. (The) by 9.4% in the 2nd quarter. Voya Investment Management LLC now owns 4,104 shares of the company’s stock worth $542,000 after buying an additional 354 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Boston Beer Company, Inc. (The) in the 3rd quarter worth $237,000. Profit Investment Management LLC lifted its holdings in shares of Boston Beer Company, Inc. (The) by 27.0% in the 3rd quarter. Profit Investment Management LLC now owns 13,785 shares of the company’s stock worth $2,153,000 after buying an additional 2,932 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Boston Beer Company, Inc. (The) by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock worth $106,173,000 after buying an additional 38,583 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Boston Beer Company, Inc. (The) by 83.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,534 shares of the company’s stock worth $731,000 after buying an additional 2,524 shares during the period. Institutional investors and hedge funds own 72.84% of the company’s stock.

Boston Beer Company, Inc. (SAM) traded up $1.70 during trading on Friday, reaching $171.90. The company’s stock had a trading volume of 94,300 shares, compared to its average volume of 167,856. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $181.20. The stock has a market capitalization of $2,001.55, a PE ratio of 23.22, a PEG ratio of 5.60 and a beta of 0.57.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. During the same period last year, the business posted $2.48 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. equities analysts expect that Boston Beer Company, Inc. will post 6.08 EPS for the current fiscal year.

In other Boston Beer Company, Inc. (The) news, insider Jonathan N. Potter sold 771 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total value of $133,768.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.30% of the company’s stock.

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Several equities research analysts have weighed in on the company. Credit Suisse Group upped their target price on Boston Beer Company, Inc. (The) from $150.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. UBS AG cut Boston Beer Company, Inc. (The) from a “positive” rating to a “neutral” rating in a report on Monday. Susquehanna Bancshares Inc cut Boston Beer Company, Inc. (The) from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $216.00 to $183.00 in a research note on Monday. Zacks Investment Research cut Boston Beer Company, Inc. (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, TheStreet upgraded Boston Beer Company, Inc. (The) from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $149.80.

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.

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

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