XTX Topco Ltd Has $1.85 Million Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

XTX Topco Ltd increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,162 shares of the company's stock after buying an additional 1,260 shares during the quarter. XTX Topco Ltd owned 0.05% of Boston Beer worth $1,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after acquiring an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Boston Beer by 2,225.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after purchasing an additional 89 shares in the last quarter. GAMMA Investing LLC increased its stake in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after buying an additional 51 shares in the last quarter. Finally, US Bancorp DE lifted its position in Boston Beer by 67.9% during the 4th quarter. US Bancorp DE now owns 272 shares of the company's stock worth $82,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAM. Roth Mkm reiterated a "buy" rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Morgan Stanley cut their price target on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. StockNews.com lowered shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Berenberg Bank began coverage on shares of Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 target price for the company. Finally, UBS Group upped their price objective on Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Boston Beer has an average rating of "Hold" and an average target price of $293.91.

Boston Beer Price Performance

NYSE SAM traded up $0.56 on Friday, reaching $238.98. The stock had a trading volume of 147,457 shares, compared to its average volume of 171,760. The Boston Beer Company, Inc. has a 1-year low of $215.10 and a 1-year high of $339.77. The company has a market cap of $2.69 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The firm has a fifty day moving average of $235.44 and a two-hundred day moving average of $270.07.

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.