Retirement Systems of Alabama cut its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,288 shares of the company’s stock after selling 96 shares during the period. Retirement Systems of Alabama’s holdings in Boston Beer Company, Inc. (The) were worth $6,646,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Boston Beer Company, Inc. (The) by 12,367.2% in the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock valued at $163,169,000 after buying an additional 1,118,981 shares during the last quarter. Contrarius Investment Management Ltd acquired a new stake in Boston Beer Company, Inc. (The) during the first quarter valued at about $28,890,000. Morgan Stanley raised its stake in Boston Beer Company, Inc. (The) by 132.1% in the first quarter. Morgan Stanley now owns 120,618 shares of the company’s stock valued at $17,447,000 after buying an additional 68,642 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Boston Beer Company, Inc. (The) by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 410,646 shares of the company’s stock valued at $59,400,000 after buying an additional 64,189 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP acquired a new stake in Boston Beer Company, Inc. (The) during the second quarter valued at about $6,243,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Boston Beer Company, Inc. (SAM) opened at 149.30 on Wednesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 21.24 and a beta of 0.55. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $194.98. The firm’s 50-day moving average is $139.66 and its 200-day moving average is $144.90.

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

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Several equities research analysts recently issued reports on SAM shares. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. Susquehanna Bancshares Inc raised shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $154.00 to $179.00 in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, April 27th. BidaskClub lowered shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $142.13.

In other Boston Beer Company, Inc. (The) news, Director David A. Burwick sold 5,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total value of $720,000.00. Following the completion of the sale, the director now owns 6,094 shares in the company, valued at $877,536. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David L. Grinnell sold 2,628 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $159.90, for a total transaction of $420,217.20. The disclosure for this sale can be found here. Company insiders own 28.50% of the company’s stock.

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.

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

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