Nisa Investment Advisors LLC held its stake in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) during the second quarter, Holdings Channel reports. The firm owned 2,900 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Boston Beer Company, Inc. (The) were worth $404,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Boston Beer Company, Inc. (The) by 12,367.2% in the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock valued at $163,169,000 after buying an additional 1,118,981 shares in the last quarter. Contrarius Investment Management Ltd acquired a new stake in shares of Boston Beer Company, Inc. (The) during the first quarter valued at $28,890,000. Morgan Stanley increased its stake in shares of Boston Beer Company, Inc. (The) by 132.1% in the first quarter. Morgan Stanley now owns 120,618 shares of the company’s stock valued at $17,447,000 after buying an additional 68,642 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Boston Beer Company, Inc. (The) by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 410,646 shares of the company’s stock valued at $59,400,000 after buying an additional 64,189 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of Boston Beer Company, Inc. (The) during the second quarter valued at $6,243,000. 70.61% of the stock is owned by institutional investors and hedge funds.

Boston Beer Company, Inc. (NYSE SAM) traded down 0.20% during midday trading on Friday, hitting $147.65. The company had a trading volume of 137,504 shares. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $194.98. The firm has a 50-day moving average price of $138.60 and a 200-day moving average price of $145.14. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 21.01 and a beta of 0.55.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The business had revenue of $247.90 million for the quarter, compared to the consensus estimate of $222.74 million. During the same quarter in the prior year, the business posted $2.06 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts anticipate that Boston Beer Company, Inc. will post $5.78 EPS for the current year.

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SAM has been the subject of several recent analyst reports. Susquehanna Bancshares Inc set a $154.00 price target on Boston Beer Company, Inc. (The) and gave the stock a “hold” rating in a report on Monday, April 17th. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and issued a $129.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Thursday, April 27th. BidaskClub downgraded Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $158.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $142.13.

In related news, Director David A. Burwick sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total transaction of $720,000.00. Following the transaction, the director now owns 6,094 shares in the company, valued at approximately $877,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David L. Grinnell sold 2,628 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.

Boston Beer Company, Inc. (The) Company Profile

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.

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

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