6,555 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Bought by Legato Capital Management LLC

Legato Capital Management LLC purchased a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,555 shares of the company's stock, valued at approximately $1,966,000. Legato Capital Management LLC owned 0.06% of Boston Beer as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAM. State Street Corp increased its position in shares of Boston Beer by 7.8% during the third quarter. State Street Corp now owns 292,643 shares of the company's stock valued at $84,615,000 after buying an additional 21,276 shares during the period. Quantinno Capital Management LP increased its position in shares of Boston Beer by 647.7% during the third quarter. Quantinno Capital Management LP now owns 21,064 shares of the company's stock valued at $6,090,000 after buying an additional 18,247 shares during the period. Verition Fund Management LLC increased 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 during the last quarter. International Assets Investment Management LLC bought a new position in shares of Boston Beer in the third quarter worth approximately $45,150,000. Finally, Holocene Advisors LP increased its position in shares of Boston Beer by 130.9% in the third quarter. Holocene Advisors LP now owns 17,431 shares of the company's stock worth $5,040,000 after purchasing an additional 9,882 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAM. Royal Bank of Canada restated a "sector perform" rating and issued a $318.00 price objective on shares of Boston Beer in a research report on Friday, October 25th. StockNews.com cut shares of Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boston Beer from $281.00 to $277.00 and set a "hold" rating on the stock in a research report on Thursday, October 24th. Citigroup decreased their price objective on shares of Boston Beer from $335.00 to $290.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Needham & Company LLC initiated coverage on shares of Boston Beer in a research report on Friday, December 6th. They issued a "hold" rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $302.90.

Boston Beer Trading Down 0.5 %

Shares of NYSE:SAM traded down $1.18 during trading on Friday, reaching $231.80. 196,909 shares of the company traded hands, compared to its average volume of 168,288. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 0.78 and a beta of 1.06. The Boston Beer Company, Inc. has a 52-week low of $223.07 and a 52-week high of $371.65. The business's fifty day moving average is $273.05 and its 200-day moving average is $283.08.

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.