SW Investment Management LLC Makes New Investment in The Boston Beer Company, Inc. (NYSE:SAM)

SW Investment Management LLC acquired a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $1,525,000. Boston Beer comprises approximately 0.5% of SW Investment Management LLC’s holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAM. LRI Investments LLC acquired a new stake in shares of Boston Beer in the 1st quarter worth about $28,000. Quarry LP purchased a new stake in shares of Boston Beer in the fourth quarter worth approximately $42,000. ORG Partners LLC purchased a new stake in shares of Boston Beer in the second quarter worth approximately $48,000. Sachetta LLC lifted its holdings in shares of Boston Beer by 1,533.3% in the second quarter. Sachetta LLC now owns 245 shares of the company’s stock valued at $68,000 after purchasing an additional 230 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Boston Beer by 61.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after buying an additional 95 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Morgan Stanley raised 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. Roth Mkm cut their price target on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada decreased their price objective on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Boston Beer has an average rating of “Hold” and an average price target of $326.92.

Boston Beer Stock Down 0.4 %

Shares of SAM stock opened at $288.10 on Wednesday. The firm has a market cap of $3.38 billion, a P/E ratio of 36.15, a PEG ratio of 1.16 and a beta of 1.05. The company has a 50 day moving average of $276.00 and a 200-day moving average of $283.90. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $395.52.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The firm 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.72 earnings per share. As a group, equities analysts expect that The Boston Beer Company, Inc. will post 9.65 EPS 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.