The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its position in The Boston Beer Company, Inc. (NYSE:SAM) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,282 shares of the company’s stock after selling 45 shares during the period. Pacer Advisors Inc.’s holdings in Boston Beer were worth $385,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. KBC Group NV lifted its holdings in Boston Beer by 38.9% in the fourth quarter. KBC Group NV now owns 418 shares of the company’s stock worth $125,000 after purchasing an additional 117 shares during the period. Blue Trust Inc. increased its stake in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after acquiring an additional 73 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Boston Beer by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock valued at $789,000 after purchasing an additional 65 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of Boston Beer by 12.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,273 shares of the company’s stock worth $382,000 after buying an additional 136 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in Boston Beer in the fourth quarter worth about $256,000. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Performance

NYSE SAM opened at $243.70 on Wednesday. The Boston Beer Company, Inc. has a twelve month low of $242.62 and a twelve month high of $371.65. The stock has a market cap of $2.80 billion, a PE ratio of 35.84, a PEG ratio of 0.80 and a beta of 1.06. The firm has a 50-day simple moving average of $285.66 and a 200 day simple moving average of $285.51.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup decreased their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. UBS Group cut their price objective on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a research note on Friday, October 25th. Finally, Piper Sandler cut shares of Boston Beer from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $370.00 to $275.00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Boston Beer presently has an average rating of “Hold” and a consensus price target of $302.90.

About Boston Beer

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.