O Shaughnessy Asset Management LLC Boosts Stake in Boston Beer Company Inc (SAM)

O Shaughnessy Asset Management LLC lifted its position in shares of Boston Beer Company Inc (NYSE:SAM) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,108 shares of the company’s stock after acquiring an additional 3,600 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.48% of Boston Beer worth $15,746,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SAM. Macquarie Group Ltd. grew its stake in shares of Boston Beer by 30,313.3% during the 2nd quarter. Macquarie Group Ltd. now owns 182,480 shares of the company’s stock worth $54,689,000 after acquiring an additional 181,880 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in Boston Beer by 39.1% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 179,484 shares of the company’s stock worth $51,601,000 after purchasing an additional 50,418 shares during the period. Acadian Asset Management LLC boosted its stake in Boston Beer by 175.3% in the 2nd quarter. Acadian Asset Management LLC now owns 74,761 shares of the company’s stock worth $22,409,000 after purchasing an additional 47,608 shares during the period. Sandler Capital Management bought a new position in Boston Beer in the 2nd quarter worth about $13,487,000. Finally, BlackRock Inc. boosted its stake in Boston Beer by 4.3% in the 2nd quarter. BlackRock Inc. now owns 942,356 shares of the company’s stock worth $282,424,000 after purchasing an additional 38,908 shares during the period. Institutional investors own 71.90% of the company’s stock.

In other Boston Beer news, Chairman C James Koch sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $316.39, for a total value of $1,581,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Quincy B. Troupe sold 700 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $298.80, for a total value of $209,160.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,700 shares of company stock worth $8,018,760. Insiders own 29.20% of the company’s stock.

Several research analysts have commented on SAM shares. Macquarie downgraded Boston Beer from a “neutral” rating to an “underperform” rating and set a $225.00 target price for the company. in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Guggenheim started coverage on Boston Beer in a research note on Thursday, September 13th. They issued a “buy” rating and a $381.00 target price for the company. Jefferies Financial Group restated a “hold” rating and issued a $270.00 target price on shares of Boston Beer in a research note on Friday, October 26th. Zacks Investment Research upgraded Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Finally, Berenberg Bank set a $290.00 target price on Boston Beer and gave the stock a “hold” rating in a research note on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $264.85.

NYSE:SAM opened at $315.37 on Friday. Boston Beer Company Inc has a twelve month low of $160.40 and a twelve month high of $329.95. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 46.58, a price-to-earnings-growth ratio of 4.10 and a beta of 0.56.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, October 25th. The company reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.35 by ($0.14). Boston Beer had a net margin of 10.17% and a return on equity of 18.00%. The business had revenue of $326.85 million during the quarter, compared to analysts’ expectations of $270.60 million. As a group, equities research analysts forecast that Boston Beer Company Inc will post 7.48 earnings per share for the current year.

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Boston Beer Company 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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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

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