516 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in The Boston Beer Company, Inc. (NYSE:SAMGet Rating) during the first quarter, according to its most recent filing with the SEC. The firm bought 516 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also bought and sold shares of SAM. Vanguard Group Inc. raised its stake in shares of Boston Beer by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 869,805 shares of the company’s stock worth $337,893,000 after purchasing an additional 10,709 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Boston Beer by 9.8% during the 1st quarter. Champlain Investment Partners LLC now owns 275,607 shares of the company’s stock valued at $107,065,000 after acquiring an additional 24,617 shares during the last quarter. State Street Corp boosted its position in shares of Boston Beer by 4.4% during the 1st quarter. State Street Corp now owns 251,852 shares of the company’s stock valued at $97,837,000 after acquiring an additional 10,704 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Boston Beer by 13.1% during the 1st quarter. Fisher Asset Management LLC now owns 132,646 shares of the company’s stock valued at $51,529,000 after acquiring an additional 15,359 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Boston Beer by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 129,807 shares of the company’s stock valued at $50,427,000 after acquiring an additional 6,637 shares during the last quarter. 70.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Carolyn L. O’boyle sold 251 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $381.73, for a total value of $95,814.23. Following the sale, the insider now directly owns 2,593 shares of the company’s stock, valued at $989,825.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP David L. Grinnell sold 425 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $379.92, for a total value of $161,466.00. Following the sale, the vice president now directly owns 1,611 shares of the company’s stock, valued at $612,051.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carolyn L. O’boyle sold 251 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $381.73, for a total value of $95,814.23. Following the completion of the sale, the insider now directly owns 2,593 shares in the company, valued at $989,825.89. The disclosure for this sale can be found here. Insiders have sold a total of 1,101 shares of company stock valued at $386,892 over the last ninety days. Company insiders own 23.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. MKM Partners dropped their price target on Boston Beer from $334.00 to $279.00 and set a “neutral” rating for the company in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Boston Beer from $337.00 to $296.00 and set a “hold” rating for the company in a research report on Wednesday, July 13th. Redburn Partners began coverage on Boston Beer in a research report on Wednesday, July 13th. They issued a “sell” rating for the company. TheStreet upgraded Boston Beer from a “d+” rating to a “c” rating in a research report on Friday, July 22nd. Finally, Sanford C. Bernstein dropped their target price on Boston Beer to $320.00 in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $351.23.

Boston Beer Stock Performance

SAM opened at $326.94 on Monday. The Boston Beer Company, Inc. has a 52-week low of $287.00 and a 52-week high of $556.68. The stock has a market capitalization of $4.02 billion, a PE ratio of -67.69 and a beta of 0.97. The stock’s 50 day moving average price is $352.91 and its 200-day moving average price is $352.67.

Boston Beer (NYSE:SAMGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $5.23 by ($0.92). Boston Beer had a positive return on equity of 8.60% and a negative net margin of 2.91%. During the same period in the previous year, the firm earned $4.72 earnings per share. Research analysts forecast that The Boston Beer Company, Inc. will post 8.22 EPS for the current fiscal year.

Boston Beer Profile

(Get Rating)

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, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.

Featured Articles

Want to see what other hedge funds are holding SAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boston Beer Company, Inc. (NYSE:SAMGet Rating).

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

Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.