Lucus Advisors LLC Takes Position in Boston Beer Company, Inc. (The) (SAM)

Lucus Advisors LLC acquired a new position in shares of Boston Beer Company, Inc. (The) (NYSE:SAM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,813 shares of the company’s stock, valued at approximately $407,000.

Several other institutional investors have also made changes to their positions in SAM. Bessemer Group Inc. boosted its position in shares of Boston Beer Company, Inc. (The) by 293.6% in the fourth quarter. Bessemer Group Inc. now owns 11,020 shares of the company’s stock worth $1,872,000 after buying an additional 8,220 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Boston Beer Company, Inc. (The) during the fourth quarter worth about $437,000. State Treasurer State of Michigan boosted its position in shares of Boston Beer Company, Inc. (The) by 5.6% in the first quarter. State Treasurer State of Michigan now owns 3,800 shares of the company’s stock worth $550,000 after buying an additional 200 shares in the last quarter. Credit Agricole S A acquired a new position in shares of Boston Beer Company, Inc. (The) during the fourth quarter worth about $126,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Boston Beer Company, Inc. (The) by 8.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,540 shares of the company’s stock worth $262,000 after buying an additional 120 shares in the last quarter. Institutional investors own 71.10% of the company’s stock.

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

Boston Beer Company, Inc. (NYSE SAM) traded down 0.56% during midday trading on Friday, hitting $132.95. 205,022 shares of the stock traded hands. The firm’s 50 day moving average is $142.00 and its 200-day moving average is $153.59. The stock has a market capitalization of $1.63 billion, a PE ratio of 19.65 and a beta of 0.58. Boston Beer Company, Inc. has a 12-month low of $131.60 and a 12-month high of $195.35.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.19. The business had revenue of $161.70 million during the quarter, compared to the consensus estimate of $170.33 million. Boston Beer Company, Inc. (The) had a return on equity of 19.73% and a net margin of 9.42%. Boston Beer Company, Inc. (The)’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, analysts anticipate that Boston Beer Company, Inc. will post $5.48 EPS for the current fiscal year.

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SAM has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) dropped their price objective on shares of Boston Beer Company, Inc. (The) from $152.00 to $138.00 and set a “neutral” rating for the company in a research note on Thursday, February 23rd. Jefferies Group LLC restated a “hold” rating and issued a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Wednesday, May 31st. Susquehanna Bancshares Inc set a $154.00 price objective on shares of Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a research note on Thursday, February 23rd. Finally, Cowen and Company reaffirmed an “underperform” rating and issued a $126.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Monday. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $151.25.

In other Boston Beer Company, Inc. (The) news, Director David A. Burwick sold 5,000 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total value of $720,000.00. Following the transaction, the director now owns 6,094 shares in the company, valued at $877,536. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David L. Grinnell sold 372 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $143.06, for a total value of $53,218.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,372 shares of company stock valued at $11,263,768. 31.30% of the stock is owned by insiders.

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.

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