RBC Boosts Stake in Boston Beer After Disappointing Earnings
Royal Bank of Canada has increased its stake in The Boston Beer Company, Inc. by purchasing an additional 11,012 shares in the first quarter.
The bank now owns 19,081 shares of Boston Beer's stock, which is valued at $4,395,000 as of its most recent SEC filing.
This move marks a significant increase for Royal Bank of Canada, with its position in Boston Beer rising by 136.5% in the first quarter.