21,572 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,572 shares of the company’s stock, valued at approximately $6,471,000.

A number of other institutional investors also recently added to or reduced their stakes in SAM. GAMMA Investing LLC increased its holdings in shares of Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the period. First Horizon Advisors Inc. increased its stake in Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock valued at $52,000 after buying an additional 51 shares during the period. Exchange Traded Concepts LLC raised 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 worth $789,000 after buying an additional 65 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Boston Beer by 8.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock worth $251,000 after buying an additional 68 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Boston Beer by 10.0% in the 3rd quarter. National Bank of Canada FI now owns 793 shares of the company’s stock worth $229,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Trading Up 1.9 %

NYSE SAM opened at $238.31 on Thursday. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77. The stock’s 50-day moving average price is $238.18 and its two-hundred day moving average price is $274.66. The company has a market cap of $2.68 billion, a PE ratio of 35.05, a PEG ratio of 1.23 and a beta of 1.14.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup upgraded shares of Boston Beer from a “neutral” rating to a “buy” rating and raised their price objective for the company from $265.00 to $280.00 in a research note on Thursday, March 20th. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Needham & Company LLC assumed coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. UBS Group lowered their target price on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler cut their price target on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $292.40.

Boston Beer Profile

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.