The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,345 shares of the company's stock after selling 5,501 shares during the period. American Century Companies Inc. owned approximately 0.34% of Boston Beer worth $11,803,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Global Alpha Capital Management Ltd. purchased a new stake in Boston Beer during the 4th quarter worth $23,349,000. Fisher Asset Management LLC increased its position in shares of Boston Beer by 27.1% during the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company's stock worth $48,122,000 after acquiring an additional 34,176 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Boston Beer in the fourth quarter worth about $6,528,000. State Street Corp boosted its holdings in Boston Beer by 7.8% in the third quarter. State Street Corp now owns 292,643 shares of the company's stock valued at $84,615,000 after purchasing an additional 21,276 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Boston Beer by 647.7% in the third quarter. Quantinno Capital Management LP now owns 21,064 shares of the company's stock valued at $6,090,000 after purchasing an additional 18,247 shares during the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Stock Up 1.0 %

NYSE SAM traded up $2.41 on Friday, hitting $245.70. The stock had a trading volume of 405,574 shares, compared to its average volume of 170,344. The company's 50-day moving average is $237.08 and its two-hundred day moving average is $273.25. The Boston Beer Company, Inc. has a one year low of $215.10 and a one year high of $339.77. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 1.23 and a beta of 1.26.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SAM shares. Roth Mkm reaffirmed a "buy" rating and issued a $349.00 target price (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Berenberg Bank assumed coverage on shares of Boston Beer in a research report on Wednesday. They set a "hold" rating and a $281.10 price target on the stock. Morgan Stanley lowered their price target on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Piper Sandler lowered their target price on shares of Boston Beer from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup upgraded shares of Boston Beer from a "neutral" rating to a "buy" rating and raised their price target for the stock from $265.00 to $280.00 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $291.37.

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.