Trexquant Investment LP lowered its stake in Boston Beer Company, Inc. (The) (NYSE:SAM) by 49.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,057 shares of the company’s stock after selling 4,913 shares during the period. Trexquant Investment LP’s holdings in Boston Beer Company, Inc. (The) were worth $668,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SAM. Cardinal Capital Management increased its stake in Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Cardinal Capital Management now owns 1,958 shares of the company’s stock valued at $283,000 after buying an additional 43 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Boston Beer Company, Inc. (The) by 3.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 1,604 shares of the company’s stock valued at $232,000 after buying an additional 47 shares during the period. Arizona State Retirement System increased its stake in Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Arizona State Retirement System now owns 3,900 shares of the company’s stock valued at $564,000 after buying an additional 84 shares during the period. Louisiana State Employees Retirement System increased its stake in Boston Beer Company, Inc. (The) by 4.5% in the first quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the company’s stock valued at $333,000 after buying an additional 100 shares during the period. Finally, Advantus Capital Management Inc increased its stake in Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock valued at $178,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 70.61% of the company’s stock.

Boston Beer Company, Inc. (SAM) opened at 147.65 on Friday. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $194.98. The firm has a market capitalization of $1.77 billion, a PE ratio of 21.01 and a beta of 0.55. The firm has a 50-day moving average of $138.60 and a 200 day moving average of $145.14.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.89. The firm had revenue of $247.90 million for the quarter, compared to analyst estimates of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. Boston Beer Company, Inc. (The)’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 earnings per share. Analysts predict that Boston Beer Company, Inc. will post $5.78 earnings per share for the current year.

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Several research firms recently commented on SAM. UBS AG upgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating in a research report on Friday, April 28th. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “sell” rating and issued a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating and issued a $158.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and reduced their price target for the company from $140.00 to $110.00 in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $142.13.

In related news, Director David A. Burwick sold 5,000 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total transaction of $720,000.00. Following the transaction, the director now directly owns 6,094 shares of the company’s stock, valued at $877,536. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The disclosure for this sale can be found here. 31.30% of the stock is owned by insiders.

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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