Y Intercept Hong Kong Ltd Acquires 1,281 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Y Intercept Hong Kong Ltd raised its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,987 shares of the company's stock after buying an additional 1,281 shares during the period. Y Intercept Hong Kong Ltd's holdings in Boston Beer were worth $1,496,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SAM. Creative Planning increased its stake in Boston Beer by 6.5% during the 3rd quarter. Creative Planning now owns 2,540 shares of the company's stock valued at $734,000 after buying an additional 155 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Boston Beer by 389.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,714 shares of the company's stock valued at $1,652,000 after purchasing an additional 4,546 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Boston Beer by 323.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,261 shares of the company's stock valued at $984,000 after purchasing an additional 2,491 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Boston Beer by 3.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 3,968 shares of the company's stock valued at $1,147,000 after purchasing an additional 129 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Boston Beer during the 3rd quarter valued at about $138,000. Institutional investors and hedge funds own 81.13% of the company's stock.

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Boston Beer Stock Performance

Shares of NYSE SAM traded down $0.24 during mid-day trading on Friday, reaching $243.80. The company had a trading volume of 412,325 shares, compared to its average volume of 213,562. The stock has a fifty day moving average of $257.33 and a two-hundred day moving average of $280.37. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.23 and a beta of 1.06. The Boston Beer Company, Inc. has a 12-month low of $222.27 and a 12-month high of $339.77.

Analyst Ratings Changes

SAM has been the subject of several research reports. Roth Mkm restated a "buy" rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday. Citigroup reduced their price objective on shares of Boston Beer from $335.00 to $290.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC initiated coverage on shares of Boston Beer in a research report on Friday, December 6th. They set a "hold" rating for the company. StockNews.com upgraded shares of Boston Beer from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer currently has a consensus rating of "Hold" and an average target price of $293.40.

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.