American Century Companies Inc. Sells 5,501 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

American Century Companies Inc. decreased its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 12.3% in the fourth quarter, according to the company in 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 0.34% of Boston Beer worth $11,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SAM. Blue Trust Inc. lifted its holdings 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Boston Beer by 2,225.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after buying an additional 89 shares during the last quarter. GAMMA Investing LLC grew its holdings in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Boston Beer in the 3rd quarter worth approximately $49,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Price Performance

Shares of NYSE:SAM traded up $2.41 on Friday, hitting $245.70. 405,574 shares of the company's stock were exchanged, compared to its average volume of 170,344. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The business's 50 day simple moving average is $237.08 and its two-hundred day simple moving average is $273.24.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Roth Mkm restated a "buy" rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. UBS Group decreased their target price on shares of Boston Beer from $315.00 to $290.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Piper Sandler lowered 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. StockNews.com cut Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Berenberg Bank assumed coverage on Boston Beer in a research report on Wednesday. They set a "hold" rating and a $281.10 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Boston Beer has a consensus rating of "Hold" and a consensus price target of $291.37.

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.