Boston Beer Company Inc (SAM) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. increased its holdings in shares of Boston Beer Company Inc (NYSE:SAM) by 6,658.4% during the fourth quarter, Holdings Channel reports. The fund owned 77,654 shares of the company’s stock after purchasing an additional 76,505 shares during the period. Victory Capital Management Inc.’s holdings in Boston Beer were worth $14,840,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Endurance Wealth Management Inc. bought a new stake in Boston Beer during the 4th quarter worth approximately $134,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Boston Beer during the 3rd quarter worth approximately $203,000. Shaker Investments LLC OH bought a new stake in Boston Beer during the 3rd quarter worth approximately $209,000. Roberts Glore & Co. Inc. IL bought a new stake in Boston Beer during the 3rd quarter worth approximately $211,000. Finally, Putnam FL Investment Management Co. bought a new stake in Boston Beer during the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
Boston Beer Company Inc (SAM) opened at $187.75 on Wednesday. The company has a market capitalization of $2,216.76, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 5.38 and a beta of 0.53. Boston Beer Company Inc has a 12-month low of $128.70 and a 12-month high of $197.05.
In other news, Director David A. Burwick sold 5,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $190.01, for a total value of $950,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David L. Grinnell sold 1,000 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $195.00, for a total value of $195,000.00. The disclosure for this sale can be found here. Insiders sold a total of 105,983 shares of company stock worth $20,072,674 over the last quarter. Corporate insiders own 28.50% of the company’s stock.
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About Boston Beer
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.
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