Boston Beer Company Inc (NYSE:SAM) Shares Bought by Quantamental Technologies LLC

Quantamental Technologies LLC grew its stake in shares of Boston Beer Company Inc (NYSE:SAM) by 160.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,784 shares of the company’s stock after buying an additional 1,098 shares during the quarter. Quantamental Technologies LLC’s holdings in Boston Beer were worth $526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Boston Beer by 2.3% during the fourth quarter. BlackRock Inc. now owns 972,983 shares of the company’s stock worth $234,331,000 after acquiring an additional 21,945 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Boston Beer by 5.0% during the third quarter. Vanguard Group Inc. now owns 905,863 shares of the company’s stock worth $260,436,000 after acquiring an additional 43,545 shares in the last quarter. Vanguard Group Inc grew its position in Boston Beer by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 905,863 shares of the company’s stock worth $260,436,000 after purchasing an additional 43,545 shares in the last quarter. Fisher Asset Management LLC grew its position in Boston Beer by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 312,238 shares of the company’s stock worth $75,199,000 after purchasing an additional 2,382 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Boston Beer by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 232,710 shares of the company’s stock worth $56,045,000 after purchasing an additional 6,864 shares in the last quarter. 72.75% of the stock is currently owned by hedge funds and other institutional investors.

In other Boston Beer news, VP David L. Grinnell sold 500 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $342.50, for a total value of $171,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David L. Grinnell sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $297.50, for a total transaction of $446,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,564 shares of company stock worth $10,168,189. 28.40% of the stock is owned by insiders.

Shares of Boston Beer stock traded down $3.95 on Wednesday, hitting $342.61. 129,800 shares of the company traded hands, compared to its average volume of 154,652. The stock has a market cap of $4.04 billion, a P/E ratio of 45.86, a price-to-earnings-growth ratio of 3.98 and a beta of 0.57. Boston Beer Company Inc has a 12-month low of $230.93 and a 12-month high of $353.02.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.98. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $232.19 million. Boston Beer had a net margin of 9.94% and a return on equity of 23.00%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. On average, equities research analysts forecast that Boston Beer Company Inc will post 8.59 EPS for the current year.

A number of brokerages have issued reports on SAM. Macquarie upped their price objective on shares of Boston Beer from $325.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. ValuEngine downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research downgraded shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Goldman Sachs Group downgraded shares of Boston Beer from a “neutral” rating to a “sell” rating and set a $275.79 target price for the company. in a research report on Friday, April 5th. Finally, BMO Capital Markets increased their target price on shares of Boston Beer to $275.00 and gave the company a “market perform” rating in a research report on Thursday, February 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $283.57.

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Boston Beer Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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