Eashwar Krishnan‘s Tybourne Capital Management has stepped up its interest in Boston Beer Co Inc (NYSE:SAM), boosting its holding to 10.1% of the company’s common stock. According to a recently amended filing with the Securities and Exchange Commission, the fund currently holds 911,613 shares, up from 766,547 shares reported at the beginning of May.
A craft beer company, Boston Beer Co Inc (NYSE:SAM) has had a tough year so far due to increased competition in the industry. The craft beer industry has witnessed an explosion in recent years, as Boston Beer is currently competing with more than 4,000 local US craft brewers and the ever-changing tastes of customers. Nevertheless, the company managed to surprise Wall Street at the end of July, when it posted financial results that exceeded expectations. Second-quarter sales reached $244.8 million and Boston Beer posted a profit of $2.06 per share, topping analysts’ consensus of $239 million and $1.95 in earnings per share. The stock ended Wednesday’s trading session at $181.64 per share, down 9.4% for the year.
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Not a very popular stock among the hedge funds followed by Insider Monkey, Boston Beer Co Inc (NYSE:SAM) could be found in the portfolios of 17 funds at the end of March, down from 22 registered three months earlier. Joel Greenblatt‘s Gotham Asset Management cut its stake by 52% to 102,996 shares, while John Overdeck And David Siegel’s Two Sigma Advisors had its position reduced by 8% to 71,679 shares by the end of the first quarter.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| TYBOURNE CAPITAL MANAGEMENT (HK) LIMITED | 0 | 911,613 | 0 | 911,613 | 911,613 | 10.1% |
| TYBOURNE CAPITAL MANAGEMENT LIMITED | 0 | 911,613 | 0 | 911,613 | 911,613 | 10.1% |
| TYBOURNE KESARI LIMITED | 0 | 911,613 | 0 | 911,613 | 911,613 | 10.1% |
| VISWANATHAN KRISHNAN | 0 | 911,613 | 0 | 911,613 | 911,613 | 10.1% |
Page 1 of 9 – SEC Filing
| The Boston Beer Company, Inc. |
| Class A Common Stock, par value $0.01 per share |
| 100557107 |
| July 31, 2016 |
| (Date of Event which Requires Filing of this Statement) |
