Virtu Financial LLC Takes $377,000 Position in The Boston Beer Company, Inc. (NYSE:SAM)

Virtu Financial LLC purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,258 shares of the company's stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SAM. Entropy Technologies LP bought a new position in Boston Beer during the fourth quarter valued at about $368,000. Legato Capital Management LLC bought a new position in shares of Boston Beer in the 4th quarter valued at approximately $1,966,000. Merit Financial Group LLC acquired a new stake in Boston Beer in the 4th quarter worth approximately $434,000. Point72 Hong Kong Ltd bought a new stake in Boston Beer during the third quarter worth approximately $1,746,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Boston Beer by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock valued at $28,305,000 after purchasing an additional 4,675 shares during the last quarter. Institutional investors own 81.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Boston Beer from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC started coverage on Boston Beer in a report on Friday, December 6th. They issued a "hold" rating on the stock. StockNews.com downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Roth Mkm reiterated a "buy" rating and set a $349.00 target price (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Finally, Citigroup upgraded shares of Boston Beer from a "neutral" rating to a "buy" rating and increased their target price for the company from $265.00 to $280.00 in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Boston Beer currently has a consensus rating of "Hold" and an average target price of $292.40.

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Boston Beer Stock Down 0.6 %

Boston Beer stock traded down $1.56 during mid-day trading on Friday, hitting $238.83. 144,278 shares of the company were exchanged, compared to its average volume of 168,272. The company has a market capitalization of $2.69 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The business has a fifty day moving average of $237.67 and a 200 day moving average of $274.25. The Boston Beer Company, Inc. has a 1-year low of $215.10 and a 1-year high of $339.77.

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.