Boston Beer Company, Inc. (The) (SAM) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in Boston Beer Company, Inc. (The) (NYSE:SAM) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,843 shares of the company’s stock after selling 162 shares during the quarter. First Trust Advisors LP owned about 0.09% of Boston Beer Company, Inc. (The) worth $1,036,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SAM. BlackRock Inc. raised its position in Boston Beer Company, Inc. (The) by 12,367.2% in the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after acquiring an additional 1,118,981 shares in the last quarter. Morgan Stanley raised its position in Boston Beer Company, Inc. (The) by 132.1% in the first quarter. Morgan Stanley now owns 120,618 shares of the company’s stock worth $17,447,000 after acquiring an additional 68,642 shares in the last quarter. Bank of New York Mellon Corp raised its position in Boston Beer Company, Inc. (The) by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 410,646 shares of the company’s stock worth $59,400,000 after acquiring an additional 64,189 shares in the last quarter. Smith Graham & Co. Investment Advisors LP purchased a new position in Boston Beer Company, Inc. (The) in the second quarter worth $6,243,000. Finally, Champlain Investment Partners LLC raised its position in Boston Beer Company, Inc. (The) by 14.6% in the first quarter. Champlain Investment Partners LLC now owns 344,835 shares of the company’s stock worth $49,880,000 after acquiring an additional 44,013 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Several research firms have issued reports on SAM. BidaskClub upgraded Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) cut Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $140.00 to $110.00 in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Berenberg Bank reiterated a “sell” rating and issued a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Monday. Finally, Cowen and Company reiterated a “sell” rating and issued a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Boston Beer Company, Inc. (The) currently has an average rating of “Hold” and a consensus target price of $138.75.

In other news, VP David L. Grinnell sold 2,628 shares of the business’s stock in a transaction on 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 filing with the SEC, which is accessible through this link. 28.50% of the stock is currently owned by insiders.

Shares of Boston Beer Company, Inc. (SAM) opened at 152.60 on Thursday. The firm has a 50-day moving average price of $149.97 and a 200 day moving average price of $143.06. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $180.45. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 21.71 and a beta of 0.57.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The company had revenue of $247.90 million for the quarter, compared to the consensus estimate of $222.74 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Boston Beer Company, Inc. will post $5.85 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Boston Beer Company, Inc. (The) (NYSE:SAM)

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