Stifel Financial Corp decreased its stake in Boston Beer Company, Inc. (The) (NYSE:SAM) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,026 shares of the company’s stock after selling 87 shares during the quarter. Stifel Financial Corp’s holdings in Boston Beer Company, Inc. (The) were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SAM. Northwestern Mutual Wealth Management Co. increased its position in Boston Beer Company, Inc. (The) by 95.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after buying an additional 411 shares in the last quarter. Victory Capital Management Inc. increased its position in Boston Beer Company, Inc. (The) by 17.6% in the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after buying an additional 145 shares in the last quarter. IFP Advisors Inc increased its position in Boston Beer Company, Inc. (The) by 12.7% in the second quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $159,000 after buying an additional 136 shares in the last quarter. Eqis Capital Management Inc. increased its position in Boston Beer Company, Inc. (The) by 16.1% in the second quarter. Eqis Capital Management Inc. now owns 1,676 shares of the company’s stock worth $221,000 after buying an additional 233 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in Boston Beer Company, Inc. (The) in the second quarter worth about $238,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Boston Beer Company, Inc. (NYSE:SAM) opened at $173.50 on Friday. The firm has a market capitalization of $2,084.60, a PE ratio of 23.67, a PEG ratio of 5.71 and a beta of 0.57. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. During the same period in the prior year, the company earned $2.48 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. equities analysts predict that Boston Beer Company, Inc. will post 6.08 earnings per share for the current fiscal year.

A number of analysts have commented on the company. Jefferies Group LLC restated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 7th. BidaskClub upgraded Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $175.00 price target (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Zacks Investment Research lowered Boston Beer Company, Inc. (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) lowered Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $140.00 to $110.00 in a research note on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Boston Beer Company, Inc. (The) has an average rating of “Hold” and a consensus price target of $149.00.

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In related news, CMO Jonathan N. Potter sold 439 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total transaction of $75,464.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 31.30% of the stock is currently owned by corporate 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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