GAMMA Investing LLC Raises Position in The Boston Beer Company, Inc. (NYSE:SAM)

GAMMA Investing LLC lifted its position in The Boston Beer Company, Inc. (NYSE:SAM) by 59.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129 shares of the company’s stock after purchasing an additional 48 shares during the period. GAMMA Investing LLC’s holdings in Boston Beer were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Boston Beer during the third quarter valued at $1,746,000. Barclays PLC lifted its holdings in shares of Boston Beer by 44.2% during the third quarter. Barclays PLC now owns 12,988 shares of the company’s stock worth $3,753,000 after purchasing an additional 3,983 shares during the period. SW Investment Management LLC acquired a new position in Boston Beer during the second quarter valued at $1,525,000. Verition Fund Management LLC raised its position in Boston Beer by 582.6% during the third quarter. Verition Fund Management LLC now owns 19,693 shares of the company’s stock valued at $5,694,000 after acquiring an additional 16,808 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Boston Beer by 18.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,933 shares of the company’s stock valued at $1,505,000 after buying an additional 778 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SAM shares. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. UBS Group boosted their price objective on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and cut their price objective for the company from $355.00 to $325.00 in a report on Friday, October 25th. Finally, Piper Sandler increased their target price on Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Beer has an average rating of “Hold” and an average target price of $314.82.

Boston Beer Trading Down 1.2 %

Shares of SAM stock opened at $258.83 on Wednesday. The Boston Beer Company, Inc. has a twelve month low of $253.13 and a twelve month high of $371.65. The company has a market capitalization of $2.97 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The firm has a fifty day simple moving average of $305.07 and a 200-day simple moving average of $290.00.

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.