Dean Investment Associates LLC Makes New $4.64 Million Investment in The Boston Beer Company, Inc. (NYSE:SAM)

Dean Investment Associates LLC purchased a new position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,466 shares of the company's stock, valued at approximately $4,639,000. Dean Investment Associates LLC owned about 0.13% of Boston Beer at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $30,741,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Boston Beer in the 4th quarter worth $25,054,000. Global Alpha Capital Management Ltd. bought a new position in shares of Boston Beer during the 4th quarter worth $23,349,000. Fisher Asset Management LLC increased its stake 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 valued at $48,122,000 after buying an additional 34,176 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of Boston Beer in the fourth quarter valued at about $6,528,000. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Trading Down 1.5 %

NYSE:SAM opened at $239.24 on Thursday. The firm has a fifty day simple moving average of $235.25 and a 200-day simple moving average of $270.75. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The company has a market capitalization of $2.69 billion, a P/E ratio of 35.18, a PEG ratio of 1.23 and a beta of 1.26.

Wall Street Analyst Weigh In

SAM has been the subject of several recent research reports. StockNews.com lowered shares of Boston Beer from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. UBS Group lowered their target price on Boston Beer from $315.00 to $290.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Roth Mkm reiterated a "buy" rating and issued a $349.00 price target (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Piper Sandler decreased 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. Finally, Citigroup lifted their target price on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $296.01.

About Boston Beer

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.

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