GSA Capital Partners LLP Buys New Stake in The Boston Beer Company, Inc. (NYSE:SAM)

GSA Capital Partners LLP purchased a new position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,181 shares of the company's stock, valued at approximately $1,209,000.

Other hedge funds have also added to or reduced their stakes in the company. Versor Investments LP increased its position in shares of Boston Beer by 41.1% in the third quarter. Versor Investments LP now owns 2,362 shares of the company's stock valued at $683,000 after acquiring an additional 688 shares during the period. Venturi Wealth Management LLC increased its position in shares of Boston Beer by 1,065.1% in the third quarter. Venturi Wealth Management LLC now owns 501 shares of the company's stock valued at $145,000 after acquiring an additional 458 shares during the period. Covestor Ltd increased its position in shares of Boston Beer by 36.6% in the third quarter. Covestor Ltd now owns 127 shares of the company's stock valued at $37,000 after acquiring an additional 34 shares during the period. Assetmark Inc. increased its position in shares of Boston Beer by 12.4% in the third quarter. Assetmark Inc. now owns 4,154 shares of the company's stock valued at $1,201,000 after acquiring an additional 457 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Boston Beer in the third quarter valued at about $138,000. 81.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Jefferies Financial Group cut shares of Boston Beer from a "buy" rating to a "hold" rating and reduced their price target for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Roth Mkm reiterated a "buy" rating and set a $389.00 price target on shares of Boston Beer in a research report on Wednesday, October 23rd. UBS Group boosted their price target on shares of Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. Finally, 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $314.82.

Boston Beer Price Performance

Boston Beer stock traded down $2.65 during midday trading on Friday, reaching $318.17. 176,016 shares of the company traded hands, compared to its average volume of 157,204. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The business has a 50 day moving average of $287.50 and a two-hundred day moving average of $284.19. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $371.65.

Boston Beer Company 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.