Boston Beer Company Inc (SAM) Stake Boosted by Symons Capital Management Inc.

Symons Capital Management Inc. raised its position in Boston Beer Company Inc (NYSE:SAM) by 74.2% during the first quarter, Holdings Channel reports. The firm owned 3,730 shares of the company’s stock after buying an additional 1,589 shares during the period. Symons Capital Management Inc.’s holdings in Boston Beer Company were worth $540,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SAM. JPMorgan Chase & Co. raised its stake in shares of Boston Beer Company by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 20,494 shares of the company’s stock worth $2,964,000 after buying an additional 312 shares during the period. Mason Street Advisors LLC raised its stake in shares of Boston Beer Company by 4.2% in the first quarter. Mason Street Advisors LLC now owns 4,396 shares of the company’s stock worth $636,000 after buying an additional 178 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Boston Beer Company by 8.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,589 shares of the company’s stock worth $230,000 after buying an additional 127 shares during the period. Jensen Investment Management Inc. raised its stake in shares of Boston Beer Company by 14.6% in the first quarter. Jensen Investment Management Inc. now owns 2,750 shares of the company’s stock worth $398,000 after buying an additional 350 shares during the period. Finally, Dean Investment Associates LLC acquired a new stake in shares of Boston Beer Company during the first quarter worth approximately $3,937,000. Institutional investors and hedge funds own 65.55% of the company’s stock.

Institutional Ownership by Quarter for Boston Beer Company (NYSE:SAM)

Boston Beer Company Inc (NYSE:SAM) traded up 2.07% during mid-day trading on Friday, reaching $143.15. The company’s stock had a trading volume of 98,344 shares. The firm has a market cap of $1.76 billion, a PE ratio of 21.16 and a beta of 0.50. The company has a 50-day moving average price of $141.97 and a 200-day moving average price of $156.81. Boston Beer Company Inc has a 12-month low of $135.10 and a 12-month high of $195.35.

Boston Beer Company (NYSE:SAM) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.19. The firm had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $170.33 million. Boston Beer Company had a return on equity of 18.49% and a net margin of 8.68%. The company’s revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities research analysts expect that Boston Beer Company Inc will post $5.45 earnings per share for the current year.

WARNING: “Boston Beer Company Inc (SAM) Stake Boosted by Symons Capital Management Inc.” was originally published by Mideast Time and is the property of of Mideast Time. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.mideasttime.com/boston-beer-company-inc-sam-stake-boosted-by-symons-capital-management-inc/1708929.html.

A number of analysts have issued reports on SAM shares. Susquehanna Bancshares Inc reissued a “positive” rating on shares of Boston Beer Company in a research report on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and issued a $129.00 target price on shares of Boston Beer Company in a research report on Thursday, April 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $158.00 target price on shares of Boston Beer Company in a research report on Wednesday, April 26th. Zacks Investment Research raised Boston Beer Company from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, Goldman Sachs Group Inc decreased their target price on Boston Beer Company from $152.00 to $138.00 and set a “neutral” rating for the company in a research report on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $152.38.

In other news, VP Quincy B. Troupe sold 489 shares of the company’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $159.62, for a total value of $78,054.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David L. Grinnell sold 372 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $143.06, for a total value of $53,218.32. The disclosure for this sale can be found here. Insiders have sold a total of 143,861 shares of company stock worth $20,956,873 over the last three months. Insiders own 31.30% of the company’s stock.

Boston Beer Company 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.

12 Month Chart for NYSE:SAM

Want to see what other hedge funds are holding SAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Beer Company Inc (NYSE:SAM).

Receive News & Ratings for Boston Beer Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.