QV Investors Inc. Sells 3,770 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

QV Investors Inc. lowered its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,880 shares of the company's stock after selling 3,770 shares during the quarter. QV Investors Inc. owned about 0.15% of Boston Beer worth $5,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of Boston Beer by 105.1% in 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 in the last quarter. Covestor Ltd raised its holdings 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 acquiring an additional 34 shares during the period. GAMMA Investing LLC lifted its position in shares of Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after acquiring an additional 48 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Boston Beer in the third quarter worth $47,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Boston Beer in the third quarter valued at $49,000. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Up 2.3 %

Shares of Boston Beer stock traded up $6.00 during trading on Monday, hitting $262.05. 200,128 shares of the stock traded hands, compared to its average volume of 210,018. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 1.21 and a beta of 1.08. The Boston Beer Company, Inc. has a 52 week low of $253.13 and a 52 week high of $371.65. The firm's fifty day moving average is $305.07 and its 200-day moving average is $290.00.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SAM shares. Jefferies Financial Group cut Boston Beer from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $355.00 to $325.00 in a report on Friday, October 25th. 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 raised shares of Boston Beer from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boston Beer from $281.00 to $277.00 and set a "hold" rating on the stock in a research note on Thursday, October 24th. Finally, UBS Group upped their price target on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Boston Beer presently has a consensus rating of "Hold" and an average target price of $314.82.

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.