O Shaughnessy Asset Management LLC Has $15.75 Million Holdings in Boston Beer Company Inc (SAM)

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O Shaughnessy Asset Management LLC boosted its stake in Boston Beer Company Inc (NYSE:SAM) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,108 shares of the company’s stock after purchasing an additional 3,600 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Boston Beer were worth $15,746,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. FMR LLC purchased a new position in Boston Beer in the 2nd quarter worth approximately $216,000. CAPROCK Group Inc. purchased a new position in Boston Beer in the 2nd quarter worth approximately $219,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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. Cambridge Investment Research Advisors Inc. purchased a new position in Boston Beer in the 3rd quarter worth approximately $224,000. Finally, Tocqueville Asset Management L.P. purchased a new position in Boston Beer in the 2nd quarter worth approximately $236,000. 71.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of SAM stock opened at $315.37 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 4.10 and a beta of 0.56. Boston Beer Company Inc has a fifty-two week low of $160.40 and a fifty-two week high of $329.95.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 25th. The company reported $3.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.35 by ($0.14). Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. The business had revenue of $326.85 million during the quarter, compared to the consensus estimate of $270.60 million. On average, equities research analysts anticipate that Boston Beer Company Inc will post 7.48 earnings per share for the current year.

In related news, VP Quincy B. Troupe sold 700 shares of Boston Beer stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $298.80, for a total transaction of $209,160.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman C James Koch sold 5,000 shares of Boston Beer stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $316.39, for a total value of $1,581,950.00. The disclosure for this sale can be found here. Insiders have sold 25,700 shares of company stock worth $8,018,760 over the last 90 days. 29.20% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on SAM. ValuEngine lowered Boston Beer from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Macquarie lowered Boston Beer from a “neutral” rating to an “underperform” rating and set a $225.00 price objective on the stock. in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Guggenheim began coverage on Boston Beer in a research report on Thursday, September 13th. They issued a “buy” rating and a $381.00 price objective on the stock. Finally, BMO Capital Markets cut their price objective on Boston Beer to $260.00 and set a “market perform” rating on the stock in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $264.85.

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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 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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