Jacobs Levy Equity Management Inc. Grows Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Jacobs Levy Equity Management Inc. increased its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 21.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,345 shares of the company’s stock after buying an additional 8,689 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.41% of Boston Beer worth $15,022,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SAM. LRI Investments LLC bought a new stake in shares of Boston Beer in the 1st quarter worth about $28,000. Quarry LP bought a new position in Boston Beer during the 4th quarter worth approximately $42,000. CWM LLC grew its position in shares of Boston Beer by 17.6% in the 4th quarter. CWM LLC now owns 227 shares of the company’s stock worth $78,000 after acquiring an additional 34 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Boston Beer in the 4th quarter valued at approximately $82,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Boston Beer during the 1st quarter valued at approximately $111,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Price Performance

Shares of NYSE SAM traded up $1.98 during midday trading on Wednesday, reaching $281.17. 18,825 shares of the company traded hands, compared to its average volume of 173,942. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.14 and a beta of 1.03. The stock has a 50-day moving average price of $287.05 and a 200 day moving average price of $304.22. 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 released its quarterly earnings results on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The company had revenue of $579.10 million for the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.72 earnings per share. As a group, analysts expect that The Boston Beer Company, Inc. will post 9.75 EPS for the current year.

Analyst Ratings Changes

SAM has been the subject of several recent research reports. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. The Goldman Sachs Group cut their target price on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Evercore ISI raised their price target on Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group upgraded Boston Beer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $335.00 to $360.00 in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $328.69.

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.