Gamco Investors INC. ET AL Acquires 3,400 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Gamco Investors INC. ET AL boosted its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 27.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,670 shares of the company's stock after acquiring an additional 3,400 shares during the period. Gamco Investors INC. ET AL owned 0.14% of Boston Beer worth $4,701,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in shares of Boston Beer by 27.1% in the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company's stock worth $48,122,000 after buying an additional 34,176 shares during the period. Norges Bank acquired a new stake in shares of Boston Beer in the 4th quarter worth $30,741,000. Charles Schwab Investment Management Inc. raised its stake in Boston Beer by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock valued at $28,305,000 after buying an additional 4,675 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Boston Beer during the fourth quarter worth $25,054,000. Finally, Global Alpha Capital Management Ltd. purchased a new stake in shares of Boston Beer in the 4th quarter valued at $23,349,000. 81.13% of the stock is owned by institutional investors.

Boston Beer Trading Up 0.2 %

NYSE SAM traded up $0.56 on Friday, reaching $238.98. The stock had a trading volume of 147,457 shares, compared to its average volume of 171,903. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77. The business has a 50 day moving average price of $235.44 and a 200 day moving average price of $269.96. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 1.23 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday. Roth Mkm reiterated a "buy" rating and issued a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research 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. Piper Sandler reduced their price target on Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Berenberg Bank initiated coverage on Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price target on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $293.91.

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.