William Blair began coverage on shares of Boston Beer Co. (NYSE:SAM) in a research report sent to investors on Wednesday. The firm issued an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on SAM. Zacks Investment Research raised Boston Beer from a strong sell rating to a hold rating in a research report on Tuesday, June 28th. Susquehanna reissued a hold rating and set a $165.00 price target on shares of Boston Beer in a research report on Sunday, July 3rd. Jefferies Group reissued a hold rating and set a $151.00 price target (up previously from $145.00) on shares of Boston Beer in a research report on Monday, July 25th. Finally, Credit Suisse Group AG assumed coverage on Boston Beer in a report on Thursday, September 15th. They issued an underperform rating and a $156.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Boston Beer has an average rating of Hold and a consensus target price of $176.00.

Boston Beer (NYSE:SAM) traded up 1.56% during midday trading on Wednesday, hitting $153.42. The stock had a trading volume of 33,084 shares. The company’s 50-day moving average price is $179.64 and its 200 day moving average price is $171.28. Boston Beer has a 52 week low of $145.33 and a 52 week high of $260.51. The company has a market capitalization of $1.89 billion, a PE ratio of 22.97 and a beta of 0.69.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.12. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. On average, analysts expect that Boston Beer will post $6.52 EPS for the current year.

In related news, insider Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $153.72, for a total transaction of $768,600.00. Following the completion of the transaction, the insider now directly owns 37,273 shares of the company’s stock, valued at approximately $5,729,605.56. The sale 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 the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $164.81, for a total value of $164,810.00. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tybourne Capital Management HK Ltd. raised its position in shares of Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock valued at $140,544,000 after buying an additional 206,716 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Boston Beer by 1.7% in the second quarter. Vanguard Group Inc. now owns 676,685 shares of the company’s stock valued at $115,734,000 after buying an additional 11,328 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Boston Beer by 0.3% in the second quarter. BlackRock Fund Advisors now owns 452,873 shares of the company’s stock valued at $77,455,000 after buying an additional 1,534 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Boston Beer by 0.3% in the second quarter. Fisher Asset Management LLC now owns 345,673 shares of the company’s stock valued at $59,024,000 after buying an additional 950 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Boston Beer by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 332,033 shares of the company’s stock valued at $56,788,000 after buying an additional 18,034 shares in the last quarter. 65.23% of the stock is owned by institutional investors and hedge funds.

About Boston Beer

The Boston Beer Company, Inc (Boston Beer) 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 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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