Laurion Capital Management LP bought a new stake in Boston Beer Company Inc (NYSE:SAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,082 shares of the company’s stock, valued at approximately $324,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC purchased a new position in Boston Beer during the second quarter worth about $216,000. CAPROCK Group Inc. purchased a new position in shares of Boston Beer in the 2nd quarter worth about $219,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Boston Beer by 69.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock worth $219,000 after purchasing an additional 300 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Boston Beer in the 2nd quarter worth about $221,000. Finally, Balasa Dinverno & Foltz LLC purchased a new position in shares of Boston Beer in the 2nd quarter worth about $264,000. 72.33% of the stock is currently owned by institutional investors.

In related news, Chairman C James Koch sold 10,000 shares of Boston Beer stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $318.68, for a total transaction of $3,186,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 25,000 shares of company stock valued at $7,809,600. Insiders own 29.20% of the company’s stock.

A number of research firms have recently issued reports on SAM. Zacks Investment Research upgraded Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Guggenheim began coverage on Boston Beer in a report on Thursday, September 13th. They issued a “buy” rating and a $381.00 price target on the stock. Berenberg Bank set a $290.00 price target on Boston Beer and gave the stock a “hold” rating in a report on Tuesday, September 11th. ValuEngine downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $210.00 target price on shares of Boston Beer in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $258.85.

Shares of NYSE SAM traded down $1.21 during mid-day trading on Friday, reaching $265.79. The company had a trading volume of 147,615 shares, compared to its average volume of 142,357. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 4.27 and a beta of 0.67. Boston Beer Company Inc has a 1-year low of $160.40 and a 1-year high of $329.95.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 26th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.79). The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $273.05 million. Boston Beer had a net margin of 10.39% and a return on equity of 17.21%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 EPS. As a group, sell-side analysts expect that Boston Beer Company Inc will post 7.09 EPS for the current year.

Boston Beer Company Profile

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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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

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