Gyroscope Capital Management Group LLC continued to hold its position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,965 shares of the company’s stock at the end of the second quarter. Gyroscope Capital Management Group LLC’s holdings in Boston Beer Company, Inc. (The) were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its stake in shares of Boston Beer Company, Inc. (The) by 5.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after purchasing an additional 76 shares during the period. State Street Corp lifted its stake in shares of Boston Beer Company, Inc. (The) by 3.7% in the 2nd quarter. State Street Corp now owns 292,523 shares of the company’s stock valued at $38,656,000 after purchasing an additional 10,312 shares during the period. Broadview Advisors LLC lifted its stake in shares of Boston Beer Company, Inc. (The) by 1.1% in the 2nd quarter. Broadview Advisors LLC now owns 52,075 shares of the company’s stock valued at $6,882,000 after purchasing an additional 550 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Boston Beer Company, Inc. (The) by 14.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 141,441 shares of the company’s stock valued at $18,691,000 after purchasing an additional 17,869 shares during the period. Finally, Arlington Value Capital LLC acquired a new position in shares of Boston Beer Company, Inc. (The) in the 2nd quarter valued at $6,311,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

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In other news, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction on Friday, July 28th. The stock was sold at an average price of $159.90, for a total transaction of $420,217.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.30% of the company’s stock.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) cut shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $140.00 to $110.00 in a research report on Monday, July 24th. Royal Bank Of Canada restated a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Berenberg Bank restated a “sell” rating and set a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Monday, September 18th. Finally, Cowen and Company restated a “sell” rating and set a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 14th. 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $140.00.

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded down 1.43% during midday trading on Friday, hitting $165.20. 118,033 shares of the stock were exchanged. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $180.45. The firm has a market cap of $1.98 billion, a PE ratio of 23.51 and a beta of 0.56. The firm has a 50-day moving average price of $153.29 and a 200 day moving average price of $144.02.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.89. The business had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 EPS. Analysts predict that Boston Beer Company, Inc. will post $5.87 earnings per share for the current fiscal year.

About Boston Beer Company, Inc. (The)

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.

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

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