California State Teachers Retirement System Has $2.08 Million Position in Boston Beer Company, Inc. (The) (SAM)

California State Teachers Retirement System cut its position in Boston Beer Company, Inc. (The) (NYSE:SAM) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,735 shares of the company’s stock after selling 1,668 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Boston Beer Company, Inc. (The) worth $2,079,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAM. Northwestern Mutual Wealth Management Co. grew its stake in shares of Boston Beer Company, Inc. (The) by 95.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after buying an additional 411 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Boston Beer Company, Inc. (The) by 17.6% in the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after buying an additional 145 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Boston Beer Company, Inc. (The) by 12.7% in the second quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after buying an additional 136 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Boston Beer Company, Inc. (The) by 5.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after buying an additional 76 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its stake in shares of Boston Beer Company, Inc. (The) by 16.1% in the second quarter. Eqis Capital Management Inc. now owns 1,676 shares of the company’s stock valued at $221,000 after buying an additional 233 shares in the last quarter. 72.84% of the stock is owned by institutional investors and hedge funds.

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Shares of Boston Beer Company, Inc. (NYSE SAM) opened at $173.00 on Wednesday. Boston Beer Company, Inc. has a twelve month low of $128.70 and a twelve month high of $181.20. The firm has a market capitalization of $2,036.83, a price-to-earnings ratio of 23.63, a PEG ratio of 5.70 and a beta of 0.57.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.79. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. During the same quarter last year, the firm earned $2.48 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. equities research analysts anticipate that Boston Beer Company, Inc. will post 6.08 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on SAM shares. Citigroup Inc. raised their target price on shares of Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Credit Suisse Group raised their target price on shares of Boston Beer Company, Inc. (The) from $150.00 to $151.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Macquarie started coverage on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They issued an “underperform” rating and a $140.00 target price for the company. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a report on Monday, October 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $149.80.

In other news, insider Jonathan N. Potter sold 771 shares of Boston Beer Company, Inc. (The) stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total transaction of $133,768.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 28.50% of the stock is currently owned by company insiders.

Boston Beer Company, Inc. (The) 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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