Quadrature Capital Ltd Invests $1.68 Million in The Boston Beer Company, Inc. (NYSE:SAM)

Quadrature Capital Ltd purchased a new stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,808 shares of the company's stock, valued at approximately $1,681,000. Quadrature Capital Ltd owned approximately 0.05% of Boston Beer as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP lifted its stake in Boston Beer by 647.7% during the third quarter. Quantinno Capital Management LP now owns 21,064 shares of the company's stock worth $6,090,000 after purchasing an additional 18,247 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Boston Beer during the 3rd quarter worth $612,000. Holocene Advisors LP lifted its position 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. Paloma Partners Management Co acquired a new stake in Boston Beer in the third quarter valued at about $278,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Boston Beer in the third quarter valued at about $49,000. Institutional investors own 81.13% of the company's stock.

Analyst Ratings Changes

SAM has been the subject of a number of research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $318.00 target price on shares of Boston Beer in a report on Friday, October 25th. Needham & Company LLC initiated coverage on shares of Boston Beer in a research report on Friday. They issued a "hold" rating on the stock. Piper Sandler boosted their target price on shares of Boston Beer from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Boston Beer from $281.00 to $277.00 and set a "hold" rating for the company in a research note on Thursday, October 24th. Finally, UBS Group boosted their price objective on Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $314.82.

Boston Beer Price Performance

Shares of SAM traded down $1.28 during trading hours on Friday, hitting $314.81. 71,864 shares of the stock were exchanged, compared to its average volume of 104,123. The Boston Beer Company, Inc. has a fifty-two week low of $254.40 and a fifty-two week high of $371.65. The business has a 50-day moving average of $300.11 and a 200-day moving average of $287.89. The firm has a market capitalization of $3.61 billion, a P/E ratio of 46.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07.

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.