Candriam Luxembourg S.C.A. Has $358,000 Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Candriam Luxembourg S.C.A. grew its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 30.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 703 shares of the company’s stock after purchasing an additional 163 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Boston Beer were worth $358,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Jacobi Capital Management LLC raised its position in shares of Boston Beer by 220.0% during the second quarter. Jacobi Capital Management LLC now owns 32 shares of the company’s stock worth $33,000 after acquiring an additional 22 shares during the last quarter. West Branch Capital LLC bought a new position in shares of Boston Beer during the second quarter worth about $51,000. Tsfg LLC raised its position in shares of Boston Beer by 65.8% during the third quarter. Tsfg LLC now owns 63 shares of the company’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Boston Beer during the second quarter worth about $68,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Boston Beer by 83.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 88 shares of the company’s stock worth $90,000 after acquiring an additional 40 shares during the last quarter. 65.46% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SAM opened at $449.33 on Friday. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 56.95 and a beta of 0.72. The Boston Beer Company, Inc. has a 52 week low of $428.13 and a 52 week high of $1,349.98. The business has a 50 day moving average price of $492.39 and a 200-day moving average price of $591.12.

Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, October 20th. The company reported ($1.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.60 by ($6.47). The company had revenue of $561.64 million for the quarter, compared to analysts’ expectations of $496.90 million. Boston Beer had a net margin of 4.49% and a return on equity of 17.98%. During the same period in the previous year, the firm earned $6.10 EPS. On average, equities analysts expect that The Boston Beer Company, Inc. will post 16.41 EPS for the current year.

In other Boston Beer news, insider John C. Geist sold 6,000 shares of the business’s stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $512.48, for a total value of $3,074,880.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Samuel A. Calagione III sold 20,503 shares of the business’s stock in a transaction on Tuesday, October 26th. The stock was sold at an average price of $499.18, for a total value of $10,234,687.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,188 shares of company stock worth $14,152,068. 24.30% of the stock is owned by insiders.

SAM has been the subject of a number of analyst reports. Jefferies Financial Group upgraded Boston Beer from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $440.00 to $535.00 in a research report on Monday, December 20th. Credit Suisse Group lowered their target price on Boston Beer from $935.00 to $785.00 and set an “outperform” rating for the company in a report on Friday. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “buy” rating and set a $543.00 target price for the company in a report on Tuesday, December 28th. UBS Group lowered their target price on Boston Beer from $775.00 to $700.00 and set a “buy” rating for the company in a report on Friday, October 22nd. They noted that the move was a valuation call. Finally, TheStreet downgraded Boston Beer from a “b-” rating to a “c” rating in a report on Monday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Boston Beer presently has an average rating of “Buy” and a consensus price target of $764.87.

Boston Beer Profile

Boston Beer Co, Inc engages in the business of alcoholic beverages. Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider and Dogfish Head, and Craft Brewery. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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