AQR Capital Management LLC Has $33.20 Million Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

AQR Capital Management LLC cut its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,788 shares of the company’s stock after selling 4,993 shares during the period. AQR Capital Management LLC owned 0.92% of Boston Beer worth $33,199,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Boston Beer by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after buying an additional 21,060 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Boston Beer by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after purchasing an additional 26,538 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Boston Beer by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock worth $40,720,000 after purchasing an additional 9,997 shares during the period. Armistice Capital LLC increased its stake in shares of Boston Beer by 1.1% during the second quarter. Armistice Capital LLC now owns 97,292 shares of the company’s stock worth $29,679,000 after purchasing an additional 1,093 shares during the period. Finally, Mesirow Institutional Investment Management Inc. bought a new position in shares of Boston Beer during the second quarter worth approximately $16,014,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Performance

Shares of SAM stock opened at $283.50 on Monday. 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 $3.39 billion, a PE ratio of 35.57, a P/E/G ratio of 1.13 and a beta of 1.05. The stock’s fifty day moving average price is $275.42 and its two-hundred day moving average price is $283.98.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share 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 for the quarter, compared to analyst estimates of $597.33 million. During the same period last year, the business earned $4.72 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts predict that The Boston Beer Company, Inc. will post 9.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAM has been the topic of a number of recent research reports. Morgan Stanley upgraded Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price on the stock in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft increased their price target on Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Roth Mkm reduced their price target 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. Piper Sandler reduced their price target on Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, Royal Bank of Canada reduced their price target on 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $326.92.

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.