Credit Agricole S A Purchases New Position in Boston Beer Company Inc (SAM)

Credit Agricole S A bought a new position in Boston Beer Company Inc (NYSE:SAM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 740 shares of the company’s stock, valued at approximately $126,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in Boston Beer Company by 293.6% in the fourth quarter. Bessemer Group Inc. now owns 11,020 shares of the company’s stock valued at $1,872,000 after buying an additional 8,220 shares during the last quarter. BlackRock Fund Advisors raised its stake in Boston Beer Company by 4.2% in the third quarter. BlackRock Fund Advisors now owns 471,964 shares of the company’s stock valued at $73,277,000 after buying an additional 19,091 shares during the last quarter. BTIM Corp. raised its stake in Boston Beer Company by 0.5% in the third quarter. BTIM Corp. now owns 101,154 shares of the company’s stock valued at $15,706,000 after buying an additional 519 shares during the last quarter. BlackRock Investment Management LLC raised its stake in Boston Beer Company by 17.0% in the third quarter. BlackRock Investment Management LLC now owns 66,179 shares of the company’s stock valued at $10,275,000 after buying an additional 9,615 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Boston Beer Company by 205.0% in the third quarter. New York State Common Retirement Fund now owns 28,674 shares of the company’s stock valued at $4,452,000 after buying an additional 19,274 shares during the last quarter. 65.55% of the stock is currently owned by institutional investors and hedge funds.

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

Boston Beer Company Inc (NYSE:SAM) traded up 0.47% during midday trading on Friday, hitting $139.10. 111,246 shares of the stock traded hands. Boston Beer Company Inc has a one year low of $135.10 and a one year high of $195.35. The company’s 50-day moving average is $146.50 and its 200-day moving average is $159.19. The company has a market cap of $1.71 billion, a PE ratio of 20.48 and a beta of 0.50.

Boston Beer Company (NYSE:SAM) last posted its earnings results on Wednesday, February 22nd. The company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.53. Boston Beer Company had a net margin of 8.68% and a return on equity of 18.49%. The business had revenue of $219.37 million for the quarter, compared to analyst estimates of $214.42 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Boston Beer Company Inc will post $5.43 EPS for the current fiscal year.

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Several analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $130.00 target price (down previously from $145.00) on shares of Boston Beer Company in a report on Tuesday. Susquehanna Bancshares Inc set a $154.00 target price on shares of Boston Beer Company and gave the company a “hold” rating in a report on Monday. Goldman Sachs Group Inc dropped their target price on shares of Boston Beer Company from $152.00 to $138.00 and set a “neutral” rating for the company in a report on Thursday, February 23rd. Zacks Investment Research downgraded shares of Boston Beer Company from a “hold” rating to a “sell” rating in a report on Monday, January 16th. Finally, William Blair downgraded shares of Boston Beer Company from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $151.00.

In related news, insider Martin F. Roper sold 773 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $155.64, for a total transaction of $120,309.72. Following the transaction, the insider now owns 33,046 shares in the company, valued at approximately $5,143,279.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Martin F. Roper sold 10,000 shares of the company’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $155.97, for a total transaction of $1,559,700.00. Following the transaction, the insider now owns 42,273 shares in the company, valued at approximately $6,593,319.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 231,762 shares of company stock worth $34,929,864. 31.30% of the stock is owned by corporate insiders.

About Boston Beer Company

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.

5 Day Chart for NYSE:SAM

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