Credit Agricole S A Acquires Shares of 740 Boston Beer Company Inc (SAM)

Credit Agricole S A bought a new stake in shares of Boston Beer Company Inc (NYSE:SAM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 740 shares of the company’s stock, valued at approximately $126,000.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Boston Beer Company by 0.3% in the third quarter. Teachers Advisors LLC now owns 14,027 shares of the company’s stock valued at $2,178,000 after buying an additional 39 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Boston Beer Company by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,190 shares of the company’s stock valued at $651,000 after buying an additional 60 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Boston Beer Company by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 3,264 shares of the company’s stock valued at $507,000 after buying an additional 64 shares during the period. Mutual of America Capital Management LLC boosted its position in Boston Beer Company by 1.0% in the third quarter. Mutual of America Capital Management LLC now owns 6,904 shares of the company’s stock valued at $1,072,000 after buying an additional 68 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Boston Beer Company by 5.9% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,805 shares of the company’s stock valued at $280,000 after buying an additional 100 shares during the period. Institutional investors own 65.55% of the company’s stock.

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

Shares of Boston Beer Company Inc (NYSE:SAM) opened at 149.10 on Friday. Boston Beer Company Inc has a 52-week low of $144.75 and a 52-week high of $195.35. The company’s 50 day moving average price is $156.44 and its 200 day moving average price is $161.79. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 21.95 and a beta of 0.50.

Boston Beer Company (NYSE:SAM) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.53. Boston Beer Company had a return on equity of 18.49% and a net margin of 8.68%. The business had revenue of $219.37 million for the quarter, compared to the consensus estimate of $214.42 million. During the same period last year, the business earned $1.21 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Boston Beer Company Inc will post $5.43 earnings per share for the current year.

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Several research firms have recently commented on SAM. Zacks Investment Research upgraded Boston Beer Company from a “sell” rating to a “hold” rating in a research note on Tuesday, December 13th. Susquehanna Bancshares Inc set a $154.00 target price on Boston Beer Company and gave the company a “hold” rating in a research note on Thursday, February 23rd. Cowen and Company reiterated an “underperform” rating on shares of Boston Beer Company in a research note on Wednesday, December 7th. Goldman Sachs Group Inc reduced their target price on Boston Beer Company from $152.00 to $138.00 and set a “neutral” rating for the company in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada set a $158.00 target price on Boston Beer Company and gave the company a “hold” rating in a research note on Monday, January 2nd. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $152.11.

In related news, Chairman C James Koch sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $154.88, for a total value of $1,006,720.00. Following the transaction, the chairman now directly owns 19,000 shares of the company’s stock, valued at approximately $2,942,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $157.45, for a total value of $1,574,500.00. Following the completion of the transaction, the insider now directly owns 42,273 shares in the company, valued at $6,655,883.85. The disclosure for this sale can be found here. Insiders sold a total of 227,469 shares of company stock worth $35,219,764 over the last three months. 31.30% of the stock is owned by company insiders.

About Boston Beer Company

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.

5 Day Chart for NYSE:SAM

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