The Boston Beer Company, Inc. (NYSE:SAM) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its stake in The Boston Beer Company, Inc. (NYSE:SAMGet Rating) by 5.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,900 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank’s holdings in Boston Beer were worth $6,938,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Xponance Inc. lifted its holdings in shares of Boston Beer by 2.6% in the 2nd quarter. Xponance Inc. now owns 2,021 shares of the company’s stock worth $612,000 after acquiring an additional 51 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Boston Beer by 13.4% during the 2nd quarter. DAVENPORT & Co LLC now owns 51,599 shares of the company’s stock worth $15,633,000 after buying an additional 6,112 shares during the period. Edgemoor Investment Advisors Inc. increased its stake in Boston Beer by 0.3% during the 1st quarter. Edgemoor Investment Advisors Inc. now owns 14,600 shares of the company’s stock worth $5,672,000 after buying an additional 40 shares during the period. Fisher Asset Management LLC increased its stake in Boston Beer by 13.1% during the 1st quarter. Fisher Asset Management LLC now owns 132,646 shares of the company’s stock worth $51,529,000 after buying an additional 15,359 shares during the period. Finally, Van ECK Associates Corp increased its stake in Boston Beer by 15.8% during the 1st quarter. Van ECK Associates Corp now owns 256 shares of the company’s stock worth $99,000 after buying an additional 35 shares during the period. 70.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Annette N. Fritsch sold 150 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $407.89, for a total transaction of $61,183.50. Following the completion of the sale, the vice president now owns 1,275 shares in the company, valued at approximately $520,059.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider John C. Geist sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $412.73, for a total value of $2,063,650.00. Following the completion of the sale, the insider now owns 4,752 shares in the company, valued at approximately $1,961,292.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Annette N. Fritsch sold 150 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $407.89, for a total transaction of $61,183.50. Following the completion of the sale, the vice president now owns 1,275 shares of the company’s stock, valued at approximately $520,059.75. The disclosure for this sale can be found here. Insiders sold a total of 5,301 shares of company stock worth $2,179,060 in the last 90 days. Company insiders own 23.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SAM shares. The Goldman Sachs Group reaffirmed a “sell” rating and set a $251.00 target price on shares of Boston Beer in a research note on Friday, September 30th. Morgan Stanley started coverage on shares of Boston Beer in a research note on Tuesday, November 15th. They set an “underweight” rating on the stock. UBS Group upped their target price on shares of Boston Beer from $312.00 to $412.00 and gave the stock a “neutral” rating in a research note on Monday, October 24th. StockNews.com assumed coverage on shares of Boston Beer in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boston Beer from $296.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, October 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Boston Beer currently has a consensus rating of “Hold” and a consensus target price of $355.80.

Boston Beer Price Performance

NYSE SAM opened at $372.34 on Wednesday. The firm’s fifty day moving average price is $356.96 and its 200 day moving average price is $346.99. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 173.99 and a beta of 0.97. The Boston Beer Company, Inc. has a 12 month low of $287.00 and a 12 month high of $547.71.

Boston Beer (NYSE:SAMGet Rating) last posted its earnings results on Thursday, October 20th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($1.27). The company had revenue of $596.45 million during the quarter, compared to analysts’ expectations of $566.42 million. Boston Beer had a net margin of 1.31% and a return on equity of 9.55%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $2.97 earnings per share. As a group, sell-side analysts forecast that The Boston Beer Company, Inc. will post 8.61 earnings per share for the current year.

Boston Beer Profile

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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.

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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)

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