UBS Oconnor LLC decreased its holdings in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 45.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,823 shares of the company’s stock after selling 5,717 shares during the quarter. UBS Oconnor LLC owned 0.06% of Boston Beer Company, Inc. (The) worth $902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in Boston Beer Company, Inc. (The) by 191.8% in the 1st quarter. Russell Investments Group Ltd. now owns 7,498 shares of the company’s stock worth $1,085,000 after acquiring an additional 4,928 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Boston Beer Company, Inc. (The) by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 5,507 shares of the company’s stock worth $795,000 after acquiring an additional 523 shares during the period. First Trust Advisors LP increased its position in shares of Boston Beer Company, Inc. (The) by 46.6% during the first quarter. First Trust Advisors LP now owns 8,005 shares of the company’s stock worth $1,158,000 after acquiring an additional 2,545 shares during the period. Comerica Bank increased its position in shares of Boston Beer Company, Inc. (The) by 7.3% during the first quarter. Comerica Bank now owns 5,671 shares of the company’s stock worth $798,000 after acquiring an additional 386 shares during the period. Finally, Swiss National Bank raised its stake in shares of Boston Beer Company, Inc. (The) by 2.0% during the first quarter. Swiss National Bank now owns 15,200 shares of the company’s stock valued at $2,199,000 after acquiring an additional 300 shares in the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on SAM. Jefferies Group LLC reiterated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 7th. BidaskClub upgraded Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $175.00 target price (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) cut Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $140.00 to $110.00 in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $140.00.

Shares of Boston Beer Company, Inc. (NYSE SAM) traded up 0.13% during mid-day trading on Tuesday, reaching $158.00. The company’s stock had a trading volume of 5,425 shares. The stock has a 50 day moving average of $151.40 and a 200-day moving average of $143.48. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $180.45. The stock has a market cap of $1.89 billion, a P/E ratio of 22.48 and a beta of 0.56.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its earnings results on Thursday, July 27th. The company reported $2.35 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $247.90 million during the quarter, compared to analysts’ expectations of $222.74 million. During the same period in the previous year, the firm posted $2.06 EPS. Boston Beer Company, Inc. (The)’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts expect that Boston Beer Company, Inc. will post $5.87 EPS for the current fiscal year.

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In other news, VP David L. Grinnell sold 2,628 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total transaction of $420,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 28.50% of the stock is owned by company 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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