The Boston Beer Company, Inc. (NYSE:SAM) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 44.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,988 shares of the company's stock after purchasing an additional 3,983 shares during the quarter. Barclays PLC owned approximately 0.11% of Boston Beer worth $3,753,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SAM. Mesirow Institutional Investment Management Inc. purchased a new position in Boston Beer during the second quarter worth $16,014,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Boston Beer by 80.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company's stock valued at $35,000,000 after acquiring an additional 51,003 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Boston Beer by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company's stock worth $55,814,000 after purchasing an additional 26,538 shares in the last quarter. State Street Corp raised its stake in Boston Beer by 7.8% in the 3rd 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 lifted its holdings in Boston Beer by 647.7% in the 3rd 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 in the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Stock Performance

SAM traded down $7.43 on Monday, reaching $295.34. 124,668 shares of the company's stock were exchanged, compared to its average volume of 151,797. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $371.65. The company's 50 day moving average is $306.67 and its 200-day moving average is $290.55. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 1.21 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Roth Mkm reissued a "buy" rating and issued a $389.00 price objective on shares of Boston Beer in a research report on Wednesday, October 23rd. UBS Group boosted their price target on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $318.00 price target on shares of Boston Beer in a research note on Friday, October 25th. Jefferies Financial Group downgraded Boston Beer from a "buy" rating to a "hold" rating and lowered their price objective for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Needham & Company LLC began coverage on Boston Beer in a research report on Friday, December 6th. They set a "hold" rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer presently has an average rating of "Hold" and a consensus target price of $314.82.

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.