Qsemble Capital Management LP Invests $329,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Qsemble Capital Management LP bought a new position in The Boston Beer Company, Inc. (NYSE:SAM) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,082 shares of the company’s stock, valued at approximately $329,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised 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 acquiring an additional 21,060 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Boston Beer by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock valued at $49,080,000 after buying an additional 7,615 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Boston Beer by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 107,312 shares of the company’s stock valued at $37,086,000 after buying an additional 3,382 shares in the last quarter. Wellington Management Group LLP increased its position in Boston Beer by 26.5% during the 3rd quarter. Wellington Management Group LLP now owns 66,548 shares of the company’s stock valued at $25,922,000 after buying an additional 13,951 shares in the last quarter. Finally, Armistice Capital LLC bought a new position in Boston Beer during the 4th quarter valued at approximately $21,499,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of SAM traded up $2.74 during trading hours on Tuesday, hitting $287.32. The stock had a trading volume of 98,704 shares, compared to its average volume of 174,571. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $395.52. The firm has a market capitalization of $3.43 billion, a PE ratio of 35.75, a PEG ratio of 1.08 and a beta of 1.03. The stock has a fifty day moving average price of $287.27 and a 200 day moving average price of $308.90.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.08 by $0.96. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. The company had revenue of $426.05 million during the quarter, compared to analyst estimates of $414.18 million. As a group, analysts anticipate that The Boston Beer Company, Inc. will post 10.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SAM shares. Citigroup reduced their price objective on Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Morgan Stanley raised Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price for the company in a report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft raised Boston Beer from a “sell” rating to a “hold” rating and set a $273.00 target price for the company in a report on Wednesday, May 8th. Finally, Jefferies Financial Group raised Boston Beer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $335.00 to $360.00 in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Boston Beer has a consensus rating of “Hold” and an average target price of $334.57.

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.