Trexquant Investment LP Sells 18,280 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Trexquant Investment LP decreased its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,736 shares of the company's stock after selling 18,280 shares during the quarter. Trexquant Investment LP owned about 0.16% of Boston Beer worth $5,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in Boston Beer by 104.8% in the third quarter. BNP Paribas Financial Markets now owns 1,440 shares of the company's stock worth $416,000 after purchasing an additional 737 shares during the period. Captrust Financial Advisors increased its stake in shares of Boston Beer by 258.8% in the 3rd quarter. Captrust Financial Advisors now owns 2,558 shares of the company's stock worth $740,000 after acquiring an additional 1,845 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Boston Beer during the 3rd quarter valued at about $49,000. Paloma Partners Management Co purchased a new position in shares of Boston Beer during the third quarter valued at approximately $278,000. Finally, Point72 DIFC Ltd bought a new stake in Boston Beer in the third quarter worth $612,000. Institutional investors own 81.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAM shares. Berenberg Bank assumed coverage on Boston Beer in a report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price target on the stock. StockNews.com downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley lowered their price objective on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Citigroup raised shares of Boston Beer from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $265.00 to $280.00 in a research report on Thursday, March 20th. Finally, UBS Group lowered their price target on Boston Beer from $315.00 to $290.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Boston Beer currently has an average rating of "Hold" and a consensus target price of $295.51.

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Boston Beer Trading Down 1.1 %

Boston Beer stock traded down $2.55 during mid-day trading on Thursday, hitting $237.96. The stock had a trading volume of 49,100 shares, compared to its average volume of 170,973. The Boston Beer Company, Inc. has a one year low of $215.10 and a one year high of $339.77. The firm has a market capitalization of $2.68 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.23 and a beta of 1.26. The firm's 50 day moving average is $235.29 and its 200 day moving average is $271.90.

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.