Boston Beer Company Inc (NYSE:SAM) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its position in Boston Beer Company Inc (NYSE:SAM) by 38.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,907 shares of the company’s stock after selling 2,391 shares during the period. GSA Capital Partners LLP’s holdings in Boston Beer were worth $1,476,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SAM. BlackRock Inc. increased its position in Boston Beer by 1.9% during the first quarter. BlackRock Inc. now owns 991,265 shares of the company’s stock worth $292,154,000 after purchasing an additional 18,282 shares during the last quarter. Champlain Investment Partners LLC increased its position in Boston Beer by 3.5% during the first quarter. Champlain Investment Partners LLC now owns 138,465 shares of the company’s stock worth $40,810,000 after purchasing an additional 4,660 shares during the last quarter. Geode Capital Management LLC increased its position in Boston Beer by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 120,005 shares of the company’s stock worth $28,902,000 after purchasing an additional 5,179 shares during the last quarter. FMR LLC increased its position in Boston Beer by 29.0% during the first quarter. FMR LLC now owns 90,102 shares of the company’s stock worth $26,555,000 after purchasing an additional 20,259 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its position in Boston Beer by 24.9% during the first quarter. Global Alpha Capital Management Ltd. now owns 35,145 shares of the company’s stock worth $10,358,000 after purchasing an additional 7,000 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

SAM has been the subject of several recent research reports. Guggenheim increased their price objective on shares of Boston Beer from $372.00 to $421.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Citigroup set a $394.00 price objective on shares of Boston Beer and gave the stock a “hold” rating in a research report on Friday, July 26th. UBS Group increased their price objective on shares of Boston Beer from $260.00 to $305.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. BMO Capital Markets increased their price objective on shares of Boston Beer to $350.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Finally, Macquarie raised shares of Boston Beer from a “neutral” rating to an “outperform” rating and set a $460.00 price objective for the company in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $345.23.

Shares of Boston Beer stock traded down $8.03 during trading hours on Friday, hitting $429.41. The company’s stock had a trading volume of 129,206 shares, compared to its average volume of 213,522. Boston Beer Company Inc has a 1-year low of $230.93 and a 1-year high of $442.50. The business has a fifty day moving average of $397.96 and a 200 day moving average of $331.29. The company has a market capitalization of $5.29 billion, a PE ratio of 57.48, a P/E/G ratio of 4.90 and a beta of 0.68.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, July 25th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.51. The business had revenue of $318.40 million during the quarter, compared to the consensus estimate of $308.49 million. Boston Beer had a net margin of 9.92% and a return on equity of 22.89%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 earnings per share. Analysts anticipate that Boston Beer Company Inc will post 8.93 EPS for the current year.

In other news, VP David L. Grinnell sold 500 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $357.50, for a total value of $178,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jean Michel Valette sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director now owns 27,258 shares of the company’s stock, valued at $10,903,200. The disclosure for this sale can be found here. Insiders sold 5,500 shares of company stock valued at $2,130,425 over the last 90 days. Insiders own 28.40% of the company’s stock.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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