Advisor Group Inc. reduced its stake in shares of Boston Beer Company Inc (NYSE:SAM) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,802 shares of the company’s stock after selling 746 shares during the period. Advisor Group Inc.’s holdings in Boston Beer were worth $1,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SAM. BlackRock Inc. raised its position in shares of Boston Beer by 1.9% during the 1st quarter. BlackRock Inc. now owns 991,265 shares of the company’s stock worth $292,154,000 after buying an additional 18,282 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Boston Beer by 17.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 30,272 shares of the company’s stock worth $8,922,000 after purchasing an additional 4,510 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Boston Beer by 3.5% in the 1st quarter. First Trust Advisors LP now owns 10,480 shares of the company’s stock worth $3,089,000 after purchasing an additional 356 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of Boston Beer by 26.5% in the 1st quarter. Martingale Asset Management L P now owns 28,203 shares of the company’s stock worth $8,313,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in shares of Boston Beer by 24.9% in the 1st 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. 74.64% of the stock is owned by institutional investors.

SAM has been the topic of several recent research reports. Citigroup set a $311.00 price objective on shares of Boston Beer and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Goldman Sachs Group cut shares of Boston Beer from a “neutral” rating to a “sell” rating and set a $275.79 price objective on the stock. in a research note on Friday, April 5th. ValuEngine cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Macquarie raised shares of Boston Beer from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $260.00 to $275.00 in a research note on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $286.37.

Boston Beer stock opened at $338.21 on Thursday. The company has a market capitalization of $3.93 billion, a PE ratio of 45.28, a PEG ratio of 3.73 and a beta of 0.55. Boston Beer Company Inc has a fifty-two week low of $230.93 and a fifty-two week high of $353.02.

Boston Beer (NYSE:SAM) last released its earnings results on Wednesday, April 24th. The company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.98. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $232.19 million. Boston Beer had a net margin of 9.94% and a return on equity of 23.00%. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, research analysts predict that Boston Beer Company Inc will post 8.59 EPS for the current year.

In other news, VP David L. Grinnell sold 500 shares of Boston Beer stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $342.50, for a total value of $171,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David L. Grinnell sold 1,000 shares of Boston Beer stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $331.25, for a total transaction of $331,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,605 shares of company stock worth $4,349,825. 28.40% of the stock is currently owned by insiders.

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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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