Liberty Mutual Group Asset Management Inc. Has $615,000 Position in Boston Beer Company, Inc. (The) (SAM)

Liberty Mutual Group Asset Management Inc. raised its position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,257 shares of the company’s stock after buying an additional 172 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Boston Beer Company, Inc. (The) were worth $615,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Horan Capital Management purchased a new position in shares of Boston Beer Company, Inc. (The) during the first quarter valued at about $145,000. Creative Planning boosted its position in shares of Boston Beer Company, Inc. (The) by 124.0% in the first quarter. Creative Planning now owns 2,041 shares of the company’s stock valued at $295,000 after buying an additional 1,130 shares during the period. Confluence Investment Management LLC boosted its position in Boston Beer Company, Inc. (The) by 152.7% in the first quarter. Confluence Investment Management LLC now owns 22,107 shares of the company’s stock valued at $3,198,000 after buying an additional 13,360 shares during the last quarter. Teachers Advisors LLC boosted its position in Boston Beer Company, Inc. (The) by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 14,185 shares of the company’s stock valued at $2,409,000 after buying an additional 158 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in Boston Beer Company, Inc. (The) during the fourth quarter valued at $764,000. 71.05% of the stock is owned by institutional investors.

Boston Beer Company, Inc. (NYSE SAM) traded up 1.19% during trading on Thursday, hitting $135.55. 81,000 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $133.14 and its 200 day moving average price is $145.55. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 20.04 and a beta of 0.51. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $195.35.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.19. The firm had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $170.33 million. Boston Beer Company, Inc. (The) had a return on equity of 19.73% and a net margin of 9.42%. Boston Beer Company, Inc. (The)’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities analysts forecast that Boston Beer Company, Inc. will post $5.25 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on SAM. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday. UBS AG raised shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating in a report on Friday, April 28th. Susquehanna Bancshares Inc raised shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $154.00 to $179.00 in a report on Friday, April 28th. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $140.00 to $110.00 in a report on Monday. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $142.13.

In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 372 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $143.06, for a total value of $53,218.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Burwick sold 5,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total value of $720,000.00. Following the completion of the transaction, the director now owns 6,094 shares of the company’s stock, valued at approximately $877,536. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.

About Boston Beer Company, Inc. (The)

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.

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

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