Nisa Investment Advisors LLC maintained its position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,900 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Boston Beer Company, Inc. (The) were worth $404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAM. Victory Capital Management Inc. increased its position in shares of Boston Beer Company, Inc. (The) by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after buying an additional 381 shares during the last quarter. IFP Advisors Inc increased its position in shares of Boston Beer Company, Inc. (The) by 81.7% in the first quarter. IFP Advisors Inc now owns 1,070 shares of the company’s stock valued at $155,000 after buying an additional 481 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock valued at $178,000 after buying an additional 100 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Boston Beer Company, Inc. (The) by 333.3% in the first quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $188,000 after buying an additional 1,000 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Boston Beer Company, Inc. (The) during the first quarter valued at approximately $209,000. 70.61% of the stock is currently owned by institutional investors.

Shares of Boston Beer Company, Inc. (NYSE SAM) traded down 0.20% during mid-day trading on Friday, hitting $147.65. 137,504 shares of the stock were exchanged. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $194.98. The firm has a market cap of $1.77 billion, a P/E ratio of 21.01 and a beta of 0.55. The stock’s 50 day moving average is $138.60 and its 200 day moving average is $145.14.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings results on Thursday, July 27th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.46 by $0.89. The firm had revenue of $247.90 million for the quarter, compared to analyst estimates of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. Analysts expect that Boston Beer Company, Inc. will post $5.78 EPS for the current fiscal year.

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Several research analysts recently commented on the stock. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. UBS AG raised shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating in a research 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 research 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 research report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $140.00 to $110.00 in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $142.13.

In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Burwick sold 5,000 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Wednesday, May 24th. The shares were 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 in the company, valued at approximately $877,536. The disclosure for this sale can be found here. Company insiders own 31.30% of the company’s stock.

Boston Beer Company, Inc. (The) Company Profile

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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