The Boston Beer Company, Inc. (NYSE:SAM) Shares Purchased by Vident Investment Advisory LLC

Vident Investment Advisory LLC raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 61.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 924 shares of the company’s stock after purchasing an additional 350 shares during the period. Vident Investment Advisory LLC’s holdings in The Boston Beer were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in The Boston Beer by 10.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,349,652 shares of the company’s stock valued at $1,628,058,000 after purchasing an additional 127,313 shares during the period. BlackRock Inc. boosted its stake in The Boston Beer by 18.1% during the 2nd quarter. BlackRock Inc. now owns 1,307,152 shares of the company’s stock valued at $1,334,343,000 after purchasing an additional 200,086 shares during the period. JPMorgan Chase & Co. boosted its stake in The Boston Beer by 12.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 391,552 shares of the company’s stock valued at $399,696,000 after purchasing an additional 41,958 shares during the period. American Century Companies Inc. boosted its stake in The Boston Beer by 3.9% during the 2nd quarter. American Century Companies Inc. now owns 211,507 shares of the company’s stock valued at $215,907,000 after purchasing an additional 7,968 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of The Boston Beer by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 109,846 shares of the company’s stock worth $132,524,000 after acquiring an additional 4,305 shares during the period. 71.93% of the stock is owned by hedge funds and other institutional investors.

SAM has been the subject of a number of research analyst reports. Cowen lowered shares of The Boston Beer from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $825.00 to $400.00 in a research note on Wednesday, August 25th. Evercore ISI reduced their price target on shares of The Boston Beer from $950.00 to $700.00 and set an “outperform” rating for the company in a research note on Thursday, September 9th. Morgan Stanley reduced their price target on shares of The Boston Beer from $990.00 to $800.00 and set an “overweight” rating for the company in a research note on Monday, September 13th. Jefferies Financial Group reduced their price target on shares of The Boston Beer from $760.00 to $685.00 and set an “underperform” rating for the company in a research note on Friday, July 23rd. Finally, Credit Suisse Group cut their target price on shares of The Boston Beer from $1,281.00 to $965.00 and set an “outperform” rating for the company in a research note on Thursday, September 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $834.31.

SAM stock opened at $524.52 on Thursday. The Boston Beer Company, Inc. has a 52-week low of $496.86 and a 52-week high of $1,349.98. The company’s 50 day simple moving average is $564.81 and its 200-day simple moving average is $882.46. The firm has a market capitalization of $6.44 billion, a P/E ratio of 27.38 and a beta of 0.72.

The Boston Beer (NYSE:SAM) last released its quarterly earnings results on Wednesday, July 21st. The company reported $4.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.00 by ($2.25). The firm had revenue of $602.80 million for the quarter, compared to analyst estimates of $657.65 million. The Boston Beer had a net margin of 11.14% and a return on equity of 22.41%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.88 EPS. Equities research analysts predict that The Boston Beer Company, Inc. will post 18.11 EPS for the current fiscal year.

About The Boston Beer

Boston Beer Co, Inc engages in the business of alcoholic beverages. Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider and Dogfish Head, and Craft Brewery. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.

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

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