Nisa Investment Advisors LLC Has $142,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Nisa Investment Advisors LLC lessened its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 75.8% in the second quarter, HoldingsChannel reports. The fund owned 465 shares of the company’s stock after selling 1,454 shares during the period. Nisa Investment Advisors LLC’s holdings in Boston Beer were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in Boston Beer in the 1st quarter valued at $28,000. Quarry LP bought a new stake in shares of Boston Beer in the fourth quarter valued at about $42,000. ORG Partners LLC acquired a new position in shares of Boston Beer in the second quarter valued at about $48,000. CWM LLC increased its position in Boston Beer by 17.6% during the fourth quarter. CWM LLC now owns 227 shares of the company’s stock worth $78,000 after acquiring an additional 34 shares during the period. Finally, Principal Securities Inc. acquired a new stake in Boston Beer in the 4th quarter worth about $82,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Up 2.5 %

Shares of SAM opened at $281.86 on Friday. The business has a 50-day simple moving average of $284.71 and a two-hundred day simple moving average of $294.23. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $395.52. The stock has a market cap of $3.37 billion, a PE ratio of 35.37, a PEG ratio of 1.15 and a beta of 1.03.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. During the same period in the prior year, the company earned $4.72 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that The Boston Beer Company, Inc. will post 9.65 EPS for the current year.

Analysts Set New Price Targets

SAM has been the topic of a number of analyst reports. Jefferies Financial Group raised 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 research report on Tuesday, May 14th. 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 cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft upped their target price on Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Roth Mkm decreased their price target on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $326.92.

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.