Rhumbline Advisers Grows Position in Boston Beer Company Inc (SAM)

Rhumbline Advisers increased its position in shares of Boston Beer Company Inc (NYSE:SAM) by 1.2% during the first quarter, Holdings Channel reports. The institutional investor owned 29,271 shares of the company’s stock after buying an additional 353 shares during the quarter. Rhumbline Advisers’ holdings in Boston Beer were worth $8,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Buffington Mohr McNeal purchased a new position in Boston Beer during the 1st quarter worth approximately $29,000. Quadrant Capital Group LLC purchased a new position in Boston Beer during the 1st quarter worth approximately $51,000. Osborn Williams & Donohoe LLC purchased a new position in Boston Beer during the 1st quarter worth approximately $53,000. NumerixS Investment Technologies Inc purchased a new position in Boston Beer during the 4th quarter worth approximately $72,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in Boston Beer during the 1st quarter worth approximately $88,000. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Shares of SAM stock opened at $347.60 on Tuesday. Boston Beer Company Inc has a twelve month low of $230.93 and a twelve month high of $353.02. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 46.53, a P/E/G ratio of 3.98 and a beta of 0.57.

Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, April 24th. The company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.98. Boston Beer had a return on equity of 23.00% and a net margin of 9.94%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $232.19 million. During the same period last year, the business posted $0.55 EPS. The company’s revenue was up 32.3% on a year-over-year basis. As a group, equities research analysts predict that Boston Beer Company Inc will post 8.59 earnings per share for the current fiscal year.

In related news, insider John C. Geist sold 8,000 shares of Boston Beer stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $287.20, for a total value of $2,297,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David L. Grinnell sold 500 shares of Boston Beer stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $312.50, for a total value of $156,250.00. The disclosure for this sale can be found here. Insiders sold a total of 33,564 shares of company stock worth $10,168,189 over the last quarter. Company insiders own 28.40% of the company’s stock.

A number of research firms recently issued reports on SAM. Macquarie raised their price target on Boston Beer from $325.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. ValuEngine upgraded Boston Beer from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. BMO Capital Markets raised their price target on Boston Beer to $275.00 and gave the stock a “market perform” rating in a research note on Thursday, February 21st. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, Guggenheim restated a “buy” rating and set a $308.00 price target on shares of Boston Beer in a research note on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $283.57.

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Boston Beer Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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

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