Oregon Public Employees Retirement Fund Has $456,000 Stake in Boston Beer Company, Inc. (The) (NYSE:SAM)

Oregon Public Employees Retirement Fund boosted its position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,452 shares of the company’s stock after buying an additional 188 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Boston Beer Company, Inc. (The) were worth $456,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SAM. Russell Investments Group Ltd. boosted its stake in Boston Beer Company, Inc. (The) by 191.8% in the first quarter. Russell Investments Group Ltd. now owns 7,498 shares of the company’s stock worth $1,085,000 after buying an additional 4,928 shares during the last quarter. Profit Investment Management LLC boosted its stake in Boston Beer Company, Inc. (The) by 98.9% in the first quarter. Profit Investment Management LLC now owns 13,423 shares of the company’s stock worth $1,942,000 after buying an additional 6,674 shares during the last quarter. Cardinal Capital Management boosted its stake in Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Cardinal Capital Management now owns 1,958 shares of the company’s stock worth $283,000 after buying an additional 43 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Boston Beer Company, Inc. (The) by 1.2% in the first quarter. Nationwide Fund Advisors now owns 20,744 shares of the company’s stock worth $3,001,000 after buying an additional 248 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Boston Beer Company, Inc. (The) by 14.4% in the first quarter. Retirement Systems of Alabama now owns 50,384 shares of the company’s stock worth $7,288,000 after buying an additional 6,343 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

Boston Beer Company, Inc. (SAM) opened at 146.00 on Friday. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $194.98. The stock has a market cap of $1.75 billion, a PE ratio of 20.77 and a beta of 0.55. The company’s 50 day moving average is $141.03 and its 200 day moving average is $144.90.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The business had revenue of $247.90 million during the quarter, compared to analysts’ expectations of $222.74 million. During the same quarter in the prior year, the business posted $2.06 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts expect that Boston Beer Company, Inc. will post $5.78 EPS for the current year.

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A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc reissued a “positive” rating on shares of Boston Beer Company, Inc. (The) in a research report on Monday, May 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $158.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $129.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $142.13.

In other news, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total value of $720,000.00. Following the completion of the transaction, the director now owns 6,094 shares in the company, valued at approximately $877,536. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP David L. Grinnell sold 2,628 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $159.90, for a total transaction of $420,217.20. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.

About Boston Beer Company, Inc. (The)

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)

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