Duality Advisers LP Decreases Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Duality Advisers LP decreased its position in The Boston Beer Company, Inc. (NYSE:SAM) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,570 shares of the company’s stock after selling 76 shares during the period. Duality Advisers LP’s holdings in Boston Beer were worth $1,696,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Boston Beer during the 4th quarter worth approximately $42,000. CWM LLC increased its stake in shares of Boston Beer by 17.6% during the 4th quarter. CWM LLC now owns 227 shares of the company’s stock worth $78,000 after purchasing an additional 34 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Boston Beer during the 4th quarter worth approximately $82,000. Quest Partners LLC bought a new position in Boston Beer in the 4th quarter worth approximately $129,000. Finally, OLD National Bancorp IN bought a new position in Boston Beer in the 3rd quarter worth approximately $210,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Down 0.2 %

Shares of NYSE SAM traded down $0.47 during mid-day trading on Friday, reaching $287.66. 38,537 shares of the company were exchanged, compared to its average volume of 175,542. The stock has a market capitalization of $3.44 billion, a PE ratio of 36.14, a PEG ratio of 1.07 and a beta of 1.03. The company’s 50 day moving average price is $286.70 and its 200 day moving average price is $310.34. The Boston Beer Company, Inc. has a 52 week low of $254.40 and a 52 week high of $395.52.

Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.96. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. The company had revenue of $426.05 million for the quarter, compared to analysts’ expectations of $414.18 million. On average, sell-side analysts predict that The Boston Beer Company, Inc. will post 10.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SAM shares. Morgan Stanley raised 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 report on Wednesday, June 5th. StockNews.com downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. The Goldman Sachs Group cut their price objective on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised shares of Boston Beer from a “sell” rating to a “hold” rating and set a $273.00 price target for the company in a report on Wednesday, May 8th. Finally, Citigroup cut their price target on shares of Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $334.57.

About Boston Beer

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.