GAMMA Investing LLC Has $39,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

GAMMA Investing LLC increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 59.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129 shares of the company’s stock after acquiring an additional 48 shares during the quarter. GAMMA Investing LLC’s holdings in Boston Beer were worth $39,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after purchasing an additional 62 shares in the last quarter. Covestor Ltd increased its holdings in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after purchasing an additional 34 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Boston Beer in the 3rd quarter valued at about $47,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Boston Beer in the third quarter valued at about $49,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Boston Beer by 61.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock worth $75,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SAM shares. Deutsche Bank Aktiengesellschaft lowered their target price on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group downgraded shares of Boston Beer from a “buy” rating to a “hold” rating and decreased their price target for the company from $355.00 to $325.00 in a research note on Friday, October 25th. UBS Group lifted their price objective on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Piper Sandler raised their target price on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Needham & Company LLC initiated coverage on Boston Beer in a report on Friday, December 6th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $314.82.

Boston Beer Trading Down 1.2 %

SAM stock opened at $258.83 on Wednesday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 1.21 and a beta of 1.08. The firm’s 50-day moving average price is $305.07 and its two-hundred day moving average price is $290.00. The Boston Beer Company, Inc. has a 12-month low of $253.13 and a 12-month high of $371.65.

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.