Bard Associates Inc. Has $297,000 Holdings in Boston Beer Company, Inc. (The) (SAM)

Bard Associates Inc. maintained its stake in Boston Beer Company, Inc. (The) (NYSE:SAM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,250 shares of the company’s stock at the end of the 2nd quarter. Bard Associates Inc.’s holdings in Boston Beer Company, Inc. (The) were worth $297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Boston Beer Company, Inc. (The) by 85.6% during the 1st quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock worth $119,000 after purchasing an additional 381 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Boston Beer Company, Inc. (The) by 12.7% during the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $159,000 after purchasing an additional 136 shares during the last quarter. Advantus Capital Management Inc lifted its stake in shares of Boston Beer Company, Inc. (The) by 8.8% during the 1st quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock worth $178,000 after purchasing an additional 100 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Boston Beer Company, Inc. (The) during the 1st quarter worth $209,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of Boston Beer Company, Inc. (The) during the 1st quarter worth $223,000. Hedge funds and other institutional investors own 70.74% of the company’s stock.

SAM has been the subject of a number of analyst reports. Jefferies Group LLC restated a “hold” rating and set a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Wednesday, May 31st. Cowen and Company restated an “underperform” rating and set a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Monday, June 12th. BidaskClub cut Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Boston Beer Company, Inc. (The) currently has an average rating of “Hold” and a consensus price target of $142.13.

In other news, VP David L. Grinnell sold 2,628 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.50% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://sportsperspectives.com/2017/09/13/bard-associates-inc-has-297000-holdings-in-boston-beer-company-inc-the-sam.html.

Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at 154.35 on Wednesday. The stock has a market capitalization of $1.85 billion, a PE ratio of 21.96 and a beta of 0.57. The firm has a 50-day moving average price of $147.86 and a 200-day moving average price of $143.35. Boston Beer Company, Inc. has a 1-year low of $128.70 and a 1-year high of $180.45.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.89. The company had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. Boston Beer Company, Inc. (The)’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. On average, equities research analysts forecast that Boston Beer Company, Inc. will post $5.79 earnings per share for the current year.

Boston Beer Company, Inc. (The) 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.

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

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

Latest News

Leave a Reply