Cim Investment Mangement Inc. maintained its stake in Boston Beer Company, Inc. (The) (NYSE:SAM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,128 shares of the company’s stock at the end of the fourth quarter. Cim Investment Mangement Inc.’s holdings in Boston Beer Company, Inc. (The) were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SAM. Oregon Public Employees Retirement Fund raised its stake in Boston Beer Company, Inc. (The) by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 3,264 shares of the company’s stock valued at $507,000 after buying an additional 64 shares during the period. Curbstone Financial Management Corp raised its stake in Boston Beer Company, Inc. (The) by 5.3% in the third quarter. Curbstone Financial Management Corp now owns 3,200 shares of the company’s stock valued at $497,000 after buying an additional 160 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Boston Beer Company, Inc. (The) by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,066 shares of the company’s stock valued at $6,682,000 after buying an additional 1,698 shares during the period. Legal & General Group Plc raised its stake in Boston Beer Company, Inc. (The) by 1.2% in the second quarter. Legal & General Group Plc now owns 2,230 shares of the company’s stock valued at $373,000 after buying an additional 26 shares during the period. Finally, Fiera Capital Corp bought a new stake in Boston Beer Company, Inc. (The) during the second quarter valued at approximately $11,317,000. 65.55% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded down 0.96% during mid-day trading on Thursday, hitting $164.95. The stock had a trading volume of 161,967 shares. The stock has a 50 day moving average price of $160.30 and a 200-day moving average price of $167.29. The company has a market cap of $2.05 billion, a PE ratio of 26.42 and a beta of 0.50. Boston Beer Company, Inc. has a 52-week low of $145.30 and a 52-week high of $202.77.

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SAM has been the topic of several research analyst reports. Cowen and Company reissued an “underperform” rating on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, December 7th. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, December 13th. Susquehanna Bancshares Inc set a $165.00 price objective on Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a report on Monday, January 9th. William Blair lowered Boston Beer Company, Inc. (The) from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. Finally, RBC Capital Markets set a $158.00 price objective on Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a report on Monday, January 2nd. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $159.27.

In related news, insider John C. Geist sold 8,000 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $173.54, for a total value of $1,388,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman C James Koch sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $173.93, for a total transaction of $2,608,950.00. Following the completion of the transaction, the chairman now owns 124,600 shares in the company, valued at $21,671,678. The disclosure for this sale can be found here. Insiders sold 273,980 shares of company stock worth $44,530,310 over the last 90 days. 31.30% of the stock is currently owned by company insiders.

Boston Beer Company, Inc. (The) Company Profile

The Boston Beer Company, Inc (Boston Beer) 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 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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