Aigen Investment Management LP Takes $393,000 Position in The Boston Beer Company, Inc. (NYSE:SAM)

Aigen Investment Management LP purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,310 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SAM. Blue Trust Inc. boosted its stake in Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the period. First Horizon Advisors Inc. boosted its stake in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares during the period. Covestor Ltd boosted its stake in Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after purchasing an additional 34 shares during the period. GAMMA Investing LLC boosted its stake in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after purchasing an additional 48 shares during the period. Finally, True Wealth Design LLC bought a new position in Boston Beer in the 3rd quarter worth about $47,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

SAM stock opened at $239.48 on Friday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 35.22, a P/E/G ratio of 1.23 and a beta of 1.14. The Boston Beer Company, Inc. has a 1-year low of $222.27 and a 1-year high of $339.77. The business has a fifty day moving average price of $252.52 and a 200-day moving average price of $279.31.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group cut their target price on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped their price target on Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Morgan Stanley dropped their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Needham & Company LLC started coverage on Boston Beer in a research report on Friday, December 6th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $293.40.

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.