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

Aigen Investment Management LP acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,310 shares of the company's stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAM. Entropy Technologies LP acquired a new position in shares of Boston Beer in the 4th quarter valued at about $368,000. Legato Capital Management LLC bought a new stake in shares of Boston Beer in the fourth quarter valued at approximately $1,966,000. Merit Financial Group LLC bought a new position in Boston Beer in the fourth quarter worth $434,000. Point72 Hong Kong Ltd bought a new position in Boston Beer in the third quarter worth $1,746,000. Finally, Barclays PLC lifted its position in Boston Beer by 44.2% in 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. Institutional investors and hedge funds own 81.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group dropped their price objective 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. Needham & Company LLC assumed coverage on Boston Beer in a research note on Friday, December 6th. They set a "hold" rating for the company. Piper Sandler dropped their price objective on Boston Beer from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. StockNews.com lowered Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Roth Mkm reiterated a "buy" rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Boston Beer currently has an average rating of "Hold" and a consensus price target of $293.40.

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Boston Beer Trading Up 2.7 %

Boston Beer stock traded up $6.27 during mid-day trading on Friday, hitting $239.48. The stock had a trading volume of 231,459 shares, compared to its average volume of 220,601. The Boston Beer Company, Inc. has a 12 month low of $222.27 and a 12 month high of $339.77. The stock has a market capitalization of $2.75 billion, a PE ratio of 35.22, a P/E/G ratio of 1.23 and a beta of 1.14. The stock has a 50-day simple moving average of $251.29 and a two-hundred day simple moving average of $279.03.

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.