Prudential Financial Inc. decreased its position in Boston Beer Company, Inc. (The) (NYSE:SAM) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,180 shares of the company’s stock after selling 654 shares during the period. Prudential Financial Inc. owned approximately 0.13% of Boston Beer Company, Inc. (The) worth $2,512,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Boston Beer Company, Inc. (The) by 2.6% in the third quarter. PNC Financial Services Group Inc. now owns 77,255 shares of the company’s stock worth $11,996,000 after buying an additional 1,994 shares in the last quarter. Aperio Group LLC increased its stake in shares of Boston Beer Company, Inc. (The) by 17.5% in the third quarter. Aperio Group LLC now owns 2,872 shares of the company’s stock worth $446,000 after buying an additional 428 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Boston Beer Company, Inc. (The) by 5.9% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,805 shares of the company’s stock worth $280,000 after buying an additional 100 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Boston Beer Company, Inc. (The) by 1.0% in the third quarter. Mutual of America Capital Management LLC now owns 6,904 shares of the company’s stock worth $1,072,000 after buying an additional 68 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Boston Beer Company, Inc. (The) by 56.5% in the third quarter. Wells Fargo & Company MN now owns 44,006 shares of the company’s stock worth $6,833,000 after buying an additional 15,882 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Boston Beer Company, Inc. (The) (NYSE:SAM)

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded up 0.45% on Friday, reaching $158.00. The company had a trading volume of 41,193 shares. The company has a market capitalization of $1.96 billion, a PE ratio of 25.31 and a beta of 0.45. Boston Beer Company, Inc. has a one year low of $145.30 and a one year high of $202.77. The company’s 50-day moving average is $170.43 and its 200-day moving average is $169.66.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its earnings results on Thursday, October 20th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by $0.12. Boston Beer Company, Inc. (The) had a return on equity of 18.49% and a net margin of 8.68%. The company earned $253.40 million during the quarter, compared to analysts’ expectations of $278.91 million. During the same quarter last year, the firm posted $2.85 earnings per share. The firm’s revenue was down 13.5% on a year-over-year basis. Equities research analysts predict that Boston Beer Company, Inc. will post $6.35 earnings per share for the current year.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Boston Beer Company, Inc. (The) from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna set a $165.00 target price on Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a report on Monday. William Blair downgraded Boston Beer Company, Inc. (The) from an “outperform” rating to a “market perform” rating in a report on Monday. RBC Capital Markets set a $158.00 target price on Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a report on Monday, January 2nd. Finally, Cowen and Company reaffirmed an “underperform” rating on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, December 7th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Boston Beer Company, Inc. (The) has an average rating of “Hold” and a consensus target price of $159.55.

In other Boston Beer Company, Inc. (The) news, Chairman C James Koch sold 7,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $155.67, for a total transaction of $1,089,690.00. Following the completion of the sale, the chairman now directly owns 7,432 shares in the company, valued at $1,156,939.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $157.97, for a total transaction of $157,970.00. The disclosure for this sale can be found here. 31.30% of the stock is currently owned by corporate insiders.

About Boston Beer Company, Inc. (The)

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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