Trexquant Investment LP Grows Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Trexquant Investment LP grew its holdings in The Boston Beer Company, Inc. (NYSE:SAMFree Report) by 136.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,171 shares of the company’s stock after acquiring an additional 7,598 shares during the quarter. Trexquant Investment LP’s holdings in Boston Beer were worth $4,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd increased its stake in shares of Boston Beer by 88.4% during the third quarter. Covestor Ltd now owns 81 shares of the company’s stock valued at $32,000 after buying an additional 38 shares during the period. First Command Advisory Services Inc. purchased a new position in Boston Beer in the third quarter valued at about $56,000. DekaBank Deutsche Girozentrale purchased a new position in Boston Beer in the third quarter valued at about $59,000. CWM LLC grew its stake in Boston Beer by 17.6% in the fourth quarter. CWM LLC now owns 227 shares of the company’s stock valued at $78,000 after purchasing an additional 34 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in Boston Beer in the fourth quarter valued at about $82,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Down 1.7 %

Boston Beer stock opened at $267.07 on Thursday. The Boston Beer Company, Inc. has a 52 week low of $264.63 and a 52 week high of $395.52. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.01 and a beta of 1.03. The stock has a 50-day moving average price of $288.27 and a 200 day moving average price of $324.14.

Boston Beer (NYSE:SAMGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.96. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. The firm had revenue of $426.05 million during the quarter, compared to the consensus estimate of $414.18 million. Research analysts anticipate that The Boston Beer Company, Inc. will post 10.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SAM shares. UBS Group cut their target price on Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. The Goldman Sachs Group cut their target price on Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a research note on Tuesday, April 9th. Morgan Stanley cut their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $337.00 target price on shares of Boston Beer in a research note on Wednesday, February 28th. Finally, Citigroup lowered their price target on Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Boston Beer has a consensus rating of “Hold” and an average target price of $333.93.

View Our Latest Report on SAM

Insider Buying and Selling

In related news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares of the company’s stock, valued at $2,133,231.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.30% of the company’s stock.

Boston Beer Company Profile

(Free Report)

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 offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.

Further Reading

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

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

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