The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC reduced its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,041 shares of the company’s stock after selling 359 shares during the quarter. Two Sigma Securities LLC’s holdings in Boston Beer were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its position in shares of Boston Beer by 4.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company’s stock worth $211,030,000 after buying an additional 29,412 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Boston Beer by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company’s stock worth $67,723,000 after buying an additional 19,063 shares during the period. Fisher Asset Management LLC boosted its position in shares of Boston Beer by 27.1% in the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock worth $48,122,000 after buying an additional 34,176 shares during the period. Southernsun Asset Management LLC boosted its holdings in Boston Beer by 1.6% in the fourth quarter. Southernsun Asset Management LLC now owns 121,972 shares of the company’s stock valued at $36,589,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Norges Bank purchased a new position in Boston Beer in the fourth quarter valued at about $30,741,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley reduced their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Berenberg Bank assumed coverage on Boston Beer in a report on Wednesday, April 2nd. They issued a “hold” rating and a $281.10 price target for the company. Roth Mkm reissued a “buy” rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. UBS Group increased their price target on Boston Beer from $265.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Finally, StockNews.com raised Boston Beer from a “hold” rating to a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Boston Beer has an average rating of “Hold” and a consensus price target of $286.12.

Boston Beer Trading Down 3.8 %

Shares of Boston Beer stock opened at $238.40 on Tuesday. The business’s 50 day simple moving average is $237.02 and its 200-day simple moving average is $268.55. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.23 and a beta of 1.26. The Boston Beer Company, Inc. has a twelve month low of $215.10 and a twelve month high of $339.77.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $1.38. The business had revenue of $481.36 million for the quarter, compared to analysts’ expectations of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. Sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.