Cubist Systematic Strategies LLC Sells 1,493 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Cubist Systematic Strategies LLC decreased its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,013 shares of the company's stock after selling 1,493 shares during the period. Cubist Systematic Strategies LLC owned 0.10% of Boston Beer worth $3,304,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in Boston Beer by 44.2% in the third quarter. Barclays PLC now owns 12,988 shares of the company's stock valued at $3,753,000 after buying an additional 3,983 shares during the period. Tidal Investments LLC bought a new position in shares of Boston Beer during the 3rd quarter valued at about $299,000. Franklin Resources Inc. lifted its holdings in shares of Boston Beer by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 15,389 shares of the company's stock valued at $4,239,000 after purchasing an additional 1,406 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after purchasing an additional 48 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Boston Beer by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company's stock valued at $1,674,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 81.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SAM shares. Roth Mkm reiterated a "buy" rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Berenberg Bank started coverage on Boston Beer in a report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price objective on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $279.00 price objective on shares of Boston Beer in a report on Tuesday, April 22nd. StockNews.com upgraded Boston Beer from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Morgan Stanley cut their price objective on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer Stock Performance

NYSE SAM traded up $3.67 during trading on Friday, hitting $249.19. The stock had a trading volume of 36,485 shares, compared to its average volume of 165,295. The company has a market capitalization of $2.78 billion, a PE ratio of 36.69, a P/E/G ratio of 1.23 and a beta of 1.14. The company's 50-day moving average price is $238.59 and its two-hundred day moving average price is $264.37. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $0.78 by $1.38. The firm had revenue of $481.36 million for the quarter, compared to analyst estimates of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. As a group, equities analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal 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.