Teachers Retirement System of The State of Kentucky Grows Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Teachers Retirement System of The State of Kentucky grew its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,894 shares of the company’s stock after buying an additional 271 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of Boston Beer worth $2,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in Boston Beer during the third quarter valued at about $59,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Boston Beer during the 3rd quarter valued at approximately $224,000. Envestnet Asset Management Inc. boosted its holdings in Boston Beer by 50.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,229 shares of the company’s stock worth $6,322,000 after buying an additional 5,418 shares during the period. Invesco Ltd. grew its stake in Boston Beer by 21.0% in the 3rd quarter. Invesco Ltd. now owns 48,969 shares of the company’s stock valued at $19,075,000 after buying an additional 8,484 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Boston Beer by 9.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 39,167 shares of the company’s stock valued at $15,257,000 after acquiring an additional 3,335 shares during the period. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Down 0.2 %

NYSE SAM opened at $295.05 on Friday. The stock’s 50-day simple moving average is $282.69 and its two-hundred day simple moving average is $315.91. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $395.52. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 1.11 and a beta of 1.09.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share 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 company had revenue of $426.05 million during the quarter, compared to the consensus estimate of $414.18 million. On average, equities analysts expect that The Boston Beer Company, Inc. will post 10.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SAM shares. Jefferies Financial Group upgraded Boston Beer from a “hold” rating to a “buy” rating and lifted their price target for the company from $335.00 to $360.00 in a research report on Tuesday, May 14th. UBS Group decreased their price target on Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price objective for the company in a research report on Wednesday, June 5th. Evercore ISI upped their target price on shares of Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $337.00 price target on shares of Boston Beer in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $335.00.

Insider Activity

In related news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction on Monday, April 1st. The shares were sold at an average price of $303.49, for a total value of $30,652.49. Following the transaction, the insider now owns 7,029 shares in the company, valued at approximately $2,133,231.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.30% of the stock is owned by corporate insiders.

Boston Beer Profile

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.