The Boston Beer Company, Inc. (NYSE:SAM) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 91.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,225 shares of the company's stock after buying an additional 19,161 shares during the quarter. Quantinno Capital Management LP owned about 0.35% of Boston Beer worth $12,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAM. T. Rowe Price Investment Management Inc. boosted its stake in Boston Beer by 4.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company's stock worth $211,030,000 after buying an additional 29,412 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Boston Beer by 19.8% in the 4th quarter. AQR Capital Management LLC now owns 422,217 shares of the company's stock valued at $125,821,000 after purchasing an additional 69,778 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Boston Beer by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company's stock valued at $67,723,000 after purchasing an additional 19,063 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Boston Beer by 27.1% in the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company's stock valued at $48,122,000 after purchasing an additional 34,176 shares during the last quarter. Finally, Southernsun Asset Management LLC lifted its stake in shares of Boston Beer by 1.6% in the 4th quarter. Southernsun Asset Management LLC now owns 121,972 shares of the company's stock valued at $36,589,000 after purchasing an additional 1,864 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAM. Roth Mkm reaffirmed a "buy" rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Citigroup boosted their price objective on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Needham & Company LLC reiterated a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. 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. Finally, UBS Group boosted their price objective on Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer Stock Up 1.8%

NYSE SAM traded up $4.51 during trading hours on Friday, hitting $250.03. 108,497 shares of the company were exchanged, compared to its average volume of 165,654. The company has a 50 day moving average of $238.96 and a two-hundred day moving average of $263.79. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM - Get Free Report) last issued 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. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The company had revenue of $481.36 million for the quarter, compared to the consensus estimate of $436.27 million. During the same quarter in the prior year, the business earned $1.04 EPS. Boston Beer's revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 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.