Quarry LP Invests $42,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Quarry LP purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 122 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also bought and sold shares of the business. Covestor Ltd raised its position in shares of Boston Beer by 88.4% during the 3rd quarter. Covestor Ltd now owns 81 shares of the company’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Boston Beer during the third quarter worth $59,000. CWM LLC increased its holdings 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. Principal Securities Inc. bought a new position in Boston Beer during the fourth quarter worth about $82,000. Finally, Quest Partners LLC acquired a new position in shares of Boston Beer during the 4th quarter worth about $129,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SAM shares. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price target on the stock in a research report on Wednesday, June 5th. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Evercore ISI upped their price objective on shares of Boston Beer from $310.00 to $325.00 and gave the company an “in-line” rating in a research report on Friday, April 26th. The Goldman Sachs Group reduced their target price on Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a report on Tuesday, April 9th. Finally, Jefferies Financial Group upgraded Boston Beer from a “hold” rating to a “buy” rating and increased their price target for the stock from $335.00 to $360.00 in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Boston Beer has an average rating of “Hold” and an average target price of $335.00.

Insider Buying and Selling

In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the transaction, the insider now directly owns 7,029 shares in the company, valued at $2,133,231.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.30% of the stock is currently owned by corporate insiders.

Boston Beer Stock Down 0.5 %

NYSE SAM opened at $284.87 on Monday. The firm’s 50 day moving average is $282.53 and its 200-day moving average is $317.25. The company has a market capitalization of $3.40 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.09. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $395.52.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.96. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. The firm had revenue of $426.05 million for the quarter, compared to analyst estimates of $414.18 million. As a group, sell-side analysts expect that The Boston Beer Company, Inc. will post 10.25 EPS for the current year.

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 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.