Profit Investment Management LLC boosted its holdings in shares of Boston Beer Company Inc (NYSE:SAM) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,732 shares of the company’s stock after acquiring an additional 947 shares during the period. Boston Beer accounts for 2.1% of Profit Investment Management LLC’s portfolio, making the stock its 12th biggest holding. Profit Investment Management LLC’s holdings in Boston Beer were worth $2,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Confluence Investment Management LLC lifted its position in Boston Beer by 2.2% during the 4th quarter. Confluence Investment Management LLC now owns 27,257 shares of the company’s stock valued at $5,208,000 after acquiring an additional 575 shares during the period. Public Employees Retirement System of Ohio lifted its position in Boston Beer by 233.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,640 shares of the company’s stock valued at $256,000 after acquiring an additional 1,148 shares during the period. Algert Global LLC purchased a new position in Boston Beer during the 3rd quarter valued at about $2,442,000. Sterling Capital Management LLC purchased a new position in Boston Beer during the 3rd quarter valued at about $740,000. Finally, California Public Employees Retirement System lifted its position in Boston Beer by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 10,800 shares of the company’s stock valued at $1,687,000 after acquiring an additional 300 shares during the period. 76.06% of the stock is owned by institutional investors.

In other news, insider Martin F. Roper sold 10,000 shares of Boston Beer stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $192.05, for a total value of $1,920,500.00. Following the completion of the sale, the insider now directly owns 42,273 shares in the company, valued at $8,118,529.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Burwick sold 5,000 shares of Boston Beer stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $190.01, for a total transaction of $950,050.00. The disclosure for this sale can be found here. Insiders sold 56,420 shares of company stock valued at $10,674,257 over the last quarter. Company insiders own 28.50% of the company’s stock.

A number of brokerages recently issued reports on SAM. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price target for the company in a research report on Thursday, January 11th. Jefferies Group reissued a “hold” rating and set a $175.00 price target on shares of Boston Beer in a research report on Thursday, January 4th. Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Stifel Nicolaus began coverage on shares of Boston Beer in a research report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price target for the company. Finally, Susquehanna Bancshares cut shares of Boston Beer from a “positive” rating to a “neutral” rating and lowered their price target for the company from $216.00 to $183.00 in a research report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $158.55.

Boston Beer Company Inc (NYSE:SAM) traded down $0.30 during trading hours on Wednesday, reaching $190.20. 94,600 shares of the company’s stock were exchanged, compared to its average volume of 120,780. Boston Beer Company Inc has a 1-year low of $128.70 and a 1-year high of $197.05. The company has a market cap of $2,250.00, a price-to-earnings ratio of 25.95, a P/E/G ratio of 5.44 and a beta of 0.58.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The firm had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. During the same period in the previous year, the business posted $2.48 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. analysts predict that Boston Beer Company Inc will post 6.22 EPS for the current fiscal year.

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Boston Beer 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 (NYSE:SAM)

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