Quantinno Capital Management LP Purchases 18,247 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Quantinno Capital Management LP boosted its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 647.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,064 shares of the company's stock after acquiring an additional 18,247 shares during the quarter. Quantinno Capital Management LP owned 0.18% of Boston Beer worth $6,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Boston Beer in the second quarter valued at about $16,014,000. D. E. Shaw & Co. Inc. raised its stake in shares of Boston Beer by 80.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company's stock valued at $35,000,000 after acquiring an additional 51,003 shares during the period. Assenagon Asset Management S.A. lifted its position in Boston Beer by 190.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 46,659 shares of the company's stock worth $14,233,000 after acquiring an additional 30,601 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Boston Beer by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company's stock valued at $55,814,000 after purchasing an additional 26,538 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake 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 buying an additional 16,808 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SAM has been the subject of a number of recent analyst reports. Needham & Company LLC started coverage on Boston Beer in a report on Friday. They issued a "hold" rating for the company. Piper Sandler raised their target price on Boston Beer from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $318.00 target price on shares of Boston Beer in a research note on Friday, October 25th. Roth Mkm reissued a "buy" rating and issued a $389.00 price target on shares of Boston Beer in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group lowered Boston Beer from a "buy" rating to a "hold" rating and lowered their target price for the company from $355.00 to $325.00 in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $314.82.

Boston Beer Trading Down 0.4 %

Shares of SAM traded down $1.28 during mid-day trading on Friday, reaching $314.81. The company's stock had a trading volume of 71,864 shares, compared to its average volume of 104,123. The company's fifty day moving average price is $300.11 and its two-hundred day moving average price is $287.89. The stock has a market cap of $3.61 billion, a PE ratio of 46.30, a P/E/G ratio of 1.21 and a beta of 1.07. The Boston Beer Company, Inc. has a 52 week low of $254.40 and a 52 week high of $371.65.

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.