Fisher Asset Management LLC Purchases 34,176 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Fisher Asset Management LLC boosted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,419 shares of the company's stock after acquiring an additional 34,176 shares during the period. Fisher Asset Management LLC owned approximately 1.40% of Boston Beer worth $48,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of 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 period. Quantinno Capital Management LP grew its stake in shares of Boston Beer by 647.7% during the 3rd quarter. Quantinno Capital Management LP now owns 21,064 shares of the company's stock worth $6,090,000 after acquiring an additional 18,247 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Boston Beer by 582.6% in the third quarter. Verition Fund Management LLC now owns 19,693 shares of the company's stock worth $5,694,000 after purchasing an additional 16,808 shares in the last quarter. Ieq Capital LLC boosted its holdings in Boston Beer by 688.3% during the fourth quarter. Ieq Capital LLC now owns 15,379 shares of the company's stock worth $4,613,000 after purchasing an additional 13,428 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake in shares of Boston Beer by 130.9% during the 3rd quarter. Holocene Advisors LP now owns 17,431 shares of the company's stock worth $5,040,000 after buying an additional 9,882 shares during the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

SAM has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC started coverage on shares of Boston Beer in a research note on Friday, December 6th. They issued a "hold" rating for the company. UBS Group cut their price objective on shares of Boston Beer from $315.00 to $290.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Piper Sandler lowered their price objective on shares of Boston Beer from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $293.40.

Boston Beer Price Performance

NYSE SAM traded down $5.42 on Thursday, reaching $232.25. The company had a trading volume of 93,326 shares, compared to its average volume of 215,540. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 1.23 and a beta of 1.06. The Boston Beer Company, Inc. has a fifty-two week low of $222.27 and a fifty-two week high of $339.77. The business has a 50 day moving average of $255.16 and a two-hundred day moving average of $279.93.

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.