Alliancebernstein L.P. Reduces Position in Samuel Adams (SAM)

Alliancebernstein L.P. cut its position in shares of Samuel Adams (NYSE:SAM) by 44.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,424 shares of the company’s stock after selling 9,840 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Samuel Adams worth $2,374,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Endurance Wealth Management Inc. bought a new position in Samuel Adams during the fourth quarter valued at approximately $134,000. Huntington National Bank boosted its stake in Samuel Adams by 173.9% during the fourth quarter. Huntington National Bank now owns 775 shares of the company’s stock valued at $148,000 after buying an additional 492 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Samuel Adams during the third quarter valued at approximately $203,000. Texas Yale Capital Corp. bought a new position in Samuel Adams during the fourth quarter valued at approximately $207,000. Finally, Macquarie Group Ltd. bought a new position in Samuel Adams during the third quarter valued at approximately $219,000. 73.20% of the stock is owned by institutional investors.

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Shares of SAM stock opened at $203.15 on Friday. Samuel Adams has a 1 year low of $128.70 and a 1 year high of $208.75. The company has a market cap of $2,394.00, a price-to-earnings ratio of 33.80, a P/E/G ratio of 3.17 and a beta of 0.52.

Samuel Adams (NYSE:SAM) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. Samuel Adams had a return on equity of 18.55% and a net margin of 11.04%. The firm had revenue of $206.32 million for the quarter, compared to the consensus estimate of $206.46 million. During the same period in the prior year, the business posted $1.75 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. equities research analysts predict that Samuel Adams will post 6.72 EPS for the current year.

In other news, VP Quincy B. Troupe sold 476 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $167.00, for a total value of $79,492.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,249 shares of company stock worth $15,607,041. Company insiders own 31.30% of the company’s stock.

A number of brokerages recently commented on SAM. Cowen raised Samuel Adams from an “underperform” rating to a “market perform” rating in a research note on Wednesday. ValuEngine raised Samuel Adams from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Credit Suisse Group restated a “neutral” rating and set a $172.00 price objective (up from $160.00) on shares of Samuel Adams in a research report on Thursday, February 22nd. Zacks Investment Research downgraded Samuel Adams from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Macquarie upgraded Samuel Adams from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $161.33.

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Samuel Adams 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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

Institutional Ownership by Quarter for Samuel Adams (NYSE:SAM)

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