Epoch Investment Partners Inc. Cuts Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Epoch Investment Partners Inc. cut its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 75.0% during the second quarter, Holdings Channel reports. The firm owned 3,359 shares of the company’s stock after selling 10,072 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Boston Beer were worth $1,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its position in shares of Boston Beer by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,204 shares of the company’s stock worth $416,000 after acquiring an additional 92 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Boston Beer by 49.1% during the 4th quarter. BNP Paribas Financial Markets now owns 3,864 shares of the company’s stock valued at $1,335,000 after purchasing an additional 1,272 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Boston Beer by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock valued at $49,080,000 after purchasing an additional 7,615 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Boston Beer by 5.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 609 shares of the company’s stock valued at $210,000 after buying an additional 33 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Boston Beer by 38.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 868 shares of the company’s stock worth $300,000 after acquiring an additional 239 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SAM shares. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Royal Bank of Canada decreased their target price on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Morgan Stanley upgraded Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price target for the company in a research report on Wednesday, June 5th. Finally, Roth Mkm decreased their price objective on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $326.92.

Boston Beer Stock Performance

Shares of NYSE SAM opened at $274.65 on Tuesday. The Boston Beer Company, Inc. has a fifty-two week low of $254.40 and a fifty-two week high of $395.52. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.11 and a beta of 1.05. The business’s 50 day moving average price is $275.94 and its 200-day moving average price is $284.60.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The business had revenue of $579.10 million during the quarter, compared to analysts’ expectations of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.72 EPS. Sell-side analysts predict that The Boston Beer Company, Inc. will post 9.65 earnings per share for the current year.

Boston Beer Company 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.