BNP Paribas Financial Markets Buys 737 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

BNP Paribas Financial Markets increased its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 104.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,440 shares of the company’s stock after buying an additional 737 shares during the quarter. BNP Paribas Financial Markets’ holdings in Boston Beer were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SAM. Quantbot Technologies LP bought a new stake in shares of Boston Beer during the third quarter worth $1,483,000. Cerity Partners LLC bought a new stake in shares of Boston Beer in the third quarter valued at about $2,750,000. Great Valley Advisor Group Inc. lifted its holdings in shares of Boston Beer by 8.5% in the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after purchasing an additional 68 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Boston Beer during the third quarter worth about $317,000. Finally, First Horizon Advisors Inc. raised its holdings in Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group cut Boston Beer from a “buy” rating to a “hold” rating and dropped their price target for the company from $355.00 to $325.00 in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a research note on Wednesday, October 23rd. Piper Sandler raised their target price on Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, UBS Group increased their price target on 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, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $314.82.

Boston Beer Price Performance

Shares of SAM opened at $315.01 on Friday. The company has a 50-day simple moving average of $303.38 and a two-hundred day simple moving average of $289.91. The Boston Beer Company, Inc. has a one year low of $254.40 and a one year high of $371.65. The firm has a market capitalization of $3.62 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07.

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.