Apertura Capital LLC Invests $5.31 Million in Boston Beer Company, Inc. (The) (SAM) Stock

Apertura Capital LLC bought a new stake in Boston Beer Company, Inc. (The) (NYSE:SAM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,000 shares of the company’s stock, valued at approximately $5,311,000. Boston Beer Company, Inc. (The) makes up about 1.0% of Apertura Capital LLC’s investment portfolio, making the stock its 17th largest position. Apertura Capital LLC owned approximately 0.29% of Boston Beer Company, Inc. (The) as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its position in shares of Boston Beer Company, Inc. (The) by 5.7% during the first quarter. UBS Asset Management Americas Inc. now owns 3,493 shares of the company’s stock worth $505,000 after acquiring an additional 187 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Boston Beer Company, Inc. (The) by 15.9% during the first quarter. Teachers Advisors LLC now owns 16,437 shares of the company’s stock worth $2,378,000 after acquiring an additional 2,252 shares in the last quarter. Legal & General Group Plc increased its position in shares of Boston Beer Company, Inc. (The) by 26.8% during the first quarter. Legal & General Group Plc now owns 5,599 shares of the company’s stock worth $811,000 after acquiring an additional 1,185 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Boston Beer Company, Inc. (The) by 14.3% during the first quarter. Thrivent Financial For Lutherans now owns 1,760 shares of the company’s stock worth $255,000 after acquiring an additional 220 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Boston Beer Company, Inc. (The) by 5.5% during the first quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock worth $106,173,000 after acquiring an additional 38,583 shares in the last quarter. 72.84% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Apertura Capital LLC Invests $5.31 Million in Boston Beer Company, Inc. (The) (SAM) Stock” was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.truebluetribune.com/2017/11/17/apertura-capital-llc-invests-5-31-million-in-boston-beer-company-inc-the-sam-stock.html.

In other Boston Beer Company, Inc. (The) news, insider Jonathan N. Potter sold 771 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total value of $133,768.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 31.30% of the company’s stock.

Boston Beer Company, Inc. (SAM) traded up $1.70 during trading on Friday, reaching $171.90. 94,300 shares of the company were exchanged, compared to its average volume of 167,856. The company has a market capitalization of $2,001.55, a P/E ratio of 23.22, a P/E/G ratio of 5.60 and a beta of 0.57. Boston Beer Company, Inc. has a 1-year low of $128.70 and a 1-year high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. The business had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. Boston Beer Company, Inc. (The) had a net margin of 9.97% and a return on equity of 21.11%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 earnings per share. equities research analysts predict that Boston Beer Company, Inc. will post 6.08 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. The Goldman Sachs Group, Inc. downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $140.00 to $110.00 in a research report on Monday, July 24th. Berenberg Bank reissued a “sell” rating and set a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Monday, September 18th. UBS AG downgraded shares of Boston Beer Company, Inc. (The) from a “positive” rating to a “neutral” rating in a research report on Monday. Finally, TheStreet raised shares of Boston Beer Company, Inc. (The) from a “c+” rating to a “b-” rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Boston Beer Company, Inc. (The) has an average rating of “Hold” and an average target price of $149.80.

Boston Beer Company, Inc. (The) Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Want to see what other hedge funds are holding SAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Beer Company, Inc. (The) (NYSE:SAM).

Institutional Ownership by Quarter for Boston Beer Company, Inc. (The) (NYSE:SAM)

Receive News & Ratings for Boston Beer Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply