Dynamic Technology Lab Private Ltd Takes $298,000 Position in Boston Beer Company, Inc. (The) (SAM)
Dynamic Technology Lab Private Ltd purchased a new stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,912 shares of the company’s stock, valued at approximately $298,000.
Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in Boston Beer by 95.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after buying an additional 411 shares during the period. Victory Capital Management Inc. increased its position in Boston Beer by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after buying an additional 145 shares during the period. IFP Advisors Inc increased its position in Boston Beer by 12.7% during the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $159,000 after buying an additional 136 shares during the period. Shaker Investments LLC OH bought a new position in Boston Beer during the 3rd quarter worth $209,000. Finally, Putnam FL Investment Management Co. bought a new position in Boston Beer during the 3rd quarter worth $214,000. 76.06% of the stock is owned by institutional investors and hedge funds.
Boston Beer Company, Inc. (NYSE SAM) traded up $2.40 during trading on Monday, reaching $182.25. The company’s stock had a trading volume of 85,800 shares, compared to its average volume of 164,522. Boston Beer Company, Inc. has a 1 year low of $128.70 and a 1 year high of $183.50. The company has a market capitalization of $2,143.26, a PE ratio of 24.86, a PEG ratio of 5.99 and a beta of 0.57.
Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The firm had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. During the same period last year, the firm posted $2.48 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. sell-side analysts forecast that Boston Beer Company, Inc. will post 6.08 earnings per share for the current year.
SAM has been the topic of several recent research reports. Citigroup increased their price objective on Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research report on Monday, October 30th. Credit Suisse Group raised their price target on Boston Beer from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Macquarie assumed coverage on Boston Beer in a research report on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price target on the stock. Finally, Susquehanna Bancshares cut Boston Beer from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $149.80.
In other news, insider Jonathan N. Potter sold 771 shares of Boston Beer stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total transaction of $133,768.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 28.50% of the company’s stock.
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Boston Beer 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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