Healthcare of Ontario Pension Plan Trust Fund Makes New $111,000 Investment in The Boston Beer Company, Inc. (NYSE:SAM)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 365 shares of the company’s stock, valued at approximately $111,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Boston Beer by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock worth $317,425,000 after buying an additional 21,060 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Boston Beer by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock worth $49,080,000 after purchasing an additional 7,615 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Boston Beer by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 107,312 shares of the company’s stock worth $37,086,000 after purchasing an additional 3,382 shares during the period. Armistice Capital LLC purchased a new position in Boston Beer in the 4th quarter worth approximately $21,499,000. Finally, TD Asset Management Inc boosted its holdings in Boston Beer by 7.9% in the 4th quarter. TD Asset Management Inc now owns 46,500 shares of the company’s stock worth $16,070,000 after acquiring an additional 3,400 shares during the period. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SAM. Evercore ISI upped 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. Royal Bank of Canada decreased their price target on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft increased 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. Jefferies Financial Group raised Boston Beer from a “hold” rating to a “buy” rating and upped their price target for the company from $335.00 to $360.00 in a research report on Tuesday, May 14th. Finally, Morgan Stanley raised Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price on the stock in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and an average target price of $330.21.

Boston Beer Stock Performance

Shares of SAM stock opened at $290.83 on Friday. The stock’s 50 day simple moving average is $286.72 and its 200 day simple moving average is $305.72. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $395.52. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 1.04 and a beta of 1.03.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The business had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.60%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $4.72 EPS. On average, analysts forecast that The Boston Beer Company, Inc. will post 10.26 EPS 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.