D. E. Shaw & Co. Inc. Acquires 51,003 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

D. E. Shaw & Co. Inc. increased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 80.0% in the second quarter, Holdings Channel.com reports. The firm owned 114,736 shares of the company’s stock after purchasing an additional 51,003 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Boston Beer were worth $35,000,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC bought a new stake in shares of Boston Beer during the first quarter worth $28,000. Quarry LP bought a new position in Boston Beer during the 4th quarter worth about $42,000. ORG Partners LLC acquired a new stake in shares of Boston Beer in the 2nd quarter valued at about $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 worth $75,000 after buying an additional 95 shares during the period. Institutional investors own 81.13% of the company’s stock.

Analyst Ratings Changes

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

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $283.61 on Friday. The Boston Beer Company, Inc. has a 52-week low of $254.40 and a 52-week high of $395.52. The company has a market capitalization of $3.32 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. The company has a 50-day simple moving average of $275.42 and a 200 day simple moving average of $284.17.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.60). Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The business had revenue of $579.10 million for the quarter, compared to the consensus estimate of $597.33 million. During the same quarter in the prior year, the firm posted $4.72 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts forecast 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.