Fmr LLC Has $134.51 Million Stake in The Boston Beer Company, Inc. (NYSE:SAM)

FMR LLC lowered its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,408 shares of the company's stock after selling 52,406 shares during the quarter. FMR LLC owned approximately 3.91% of Boston Beer worth $134,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Boston Beer by 2,225.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after buying an additional 89 shares during the last quarter. GAMMA Investing LLC raised its stake in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Boston Beer by 42.1% in the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock valued at $52,000 after buying an additional 51 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Boston Beer by 67.9% during the 4th quarter. US Bancorp DE now owns 272 shares of the company's stock worth $82,000 after acquiring an additional 110 shares during the period. Institutional investors own 81.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SAM shares. Citigroup increased their price target on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Monday. Berenberg Bank began coverage on shares of Boston Beer in a research report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price objective on the stock. Roth Mkm restated a "buy" rating and set a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Piper Sandler decreased their price target on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Morgan Stanley cut their price objective on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $293.91.

Boston Beer Stock Performance

Shares of NYSE SAM traded up $0.56 during midday trading on Friday, reaching $238.98. The company's stock had a trading volume of 147,457 shares, compared to its average volume of 171,550. The company has a market cap of $2.69 billion, a P/E ratio of 35.14, a P/E/G ratio of 1.23 and a beta of 1.26. The business's 50 day moving average price is $235.32 and its two-hundred day moving average price is $270.41. The Boston Beer Company, Inc. has a fifty-two week low of $215.10 and a fifty-two week high of $339.77.

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.