Holocene Advisors LP Has $5.04 Million Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Holocene Advisors LP lifted its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 130.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,431 shares of the company's stock after buying an additional 9,882 shares during the quarter. Holocene Advisors LP owned approximately 0.15% of Boston Beer worth $5,040,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Covestor Ltd increased its stake in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company's stock valued at $37,000 after buying an additional 34 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company's stock worth $35,000 after purchasing an additional 62 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Boston Beer by 8.5% during the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company's stock worth $251,000 after purchasing an additional 68 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Boston Beer by 0.5% during the second quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company's stock worth $4,493,000 after purchasing an additional 74 shares during the period. Finally, QV Investors Inc. lifted its stake in Boston Beer by 0.4% in the third quarter. QV Investors Inc. now owns 20,650 shares of the company's stock valued at $5,971,000 after acquiring an additional 80 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SAM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boston Beer from $281.00 to $277.00 and set a "hold" rating for the company in a research note on Thursday, October 24th. UBS Group lifted their target price on shares of Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Jefferies Financial Group lowered shares of Boston Beer from a "buy" rating to a "hold" rating and dropped their price target for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Piper Sandler lifted their price target on shares of Boston Beer from $325.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $314.82.

Boston Beer Trading Up 0.3 %

Shares of SAM stock traded up $0.94 on Thursday, reaching $316.09. The company had a trading volume of 105,381 shares, compared to its average volume of 154,130. The stock has a market cap of $3.63 billion, a PE ratio of 46.28, a PEG ratio of 1.20 and a beta of 1.07. The company has a 50-day moving average of $298.71 and a 200-day moving average of $287.41. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $371.65.

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.