Champlain Investment Partners LLC lifted its stake in shares of Boston Beer Company Inc (NYSE:SAM) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,465 shares of the company’s stock after purchasing an additional 4,660 shares during the period. Champlain Investment Partners LLC owned 1.19% of Boston Beer worth $40,810,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Boston Beer by 1.9% during the 1st quarter. BlackRock Inc. now owns 991,265 shares of the company’s stock worth $292,154,000 after purchasing an additional 18,282 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Boston Beer by 3.0% during 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 during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Boston Beer by 24.8% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 224,011 shares of the company’s stock worth $53,950,000 after purchasing an additional 44,527 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Boston Beer by 1.8% during the 1st quarter. Northern Trust Corp now owns 138,603 shares of the company’s stock worth $40,851,000 after purchasing an additional 2,492 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Boston Beer by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 120,005 shares of the company’s stock worth $28,902,000 after purchasing an additional 5,179 shares during the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.
Several research analysts have recently weighed in on SAM shares. ValuEngine cut Boston Beer from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Citigroup set a $311.00 target price on Boston Beer and gave the stock a “hold” rating in a report on Tuesday, February 26th. Goldman Sachs Group cut Boston Beer from a “neutral” rating to a “sell” rating and set a $275.79 target price on the stock. in a report on Friday, April 5th. Macquarie upgraded Boston Beer from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $260.00 to $275.00 in a report on Thursday, February 21st. Finally, BMO Capital Markets boosted their target price on Boston Beer to $275.00 and gave the stock a “market perform” rating in a report on Thursday, February 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $286.37.
SAM opened at $338.21 on Thursday. Boston Beer Company Inc has a one year low of $230.93 and a one year high of $353.02. The company has a market capitalization of $3.89 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 3.88 and a beta of 0.55.
Boston Beer (NYSE:SAM) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.98. Boston Beer had a return on equity of 23.00% and a net margin of 9.94%. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $232.19 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. Equities analysts anticipate that Boston Beer Company Inc will post 8.59 EPS for the current fiscal year.
In related news, CEO David A. Burwick sold 5,105 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $303.57, for a total value of $1,549,724.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $331.25, for a total value of $331,250.00. The disclosure for this sale can be found here. Insiders sold 14,605 shares of company stock worth $4,349,825 over the last quarter. 28.40% of the stock is currently owned by insiders.
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 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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