KBC Group NV Grows Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

KBC Group NV increased its position in The Boston Beer Company, Inc. (NYSE:SAM) by 38.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 418 shares of the company’s stock after acquiring an additional 117 shares during the period. KBC Group NV’s holdings in Boston Beer were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. grew its position in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after acquiring an additional 73 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after buying an additional 62 shares during the period. Covestor Ltd raised its stake in shares of Boston Beer by 36.6% in the third quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after buying an additional 34 shares during the period. GAMMA Investing LLC lifted its position in shares of Boston Beer by 59.3% during 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 in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Boston Beer in the third quarter worth approximately $47,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAM. Royal Bank of Canada restated a “sector perform” rating and issued a $318.00 price objective on shares of Boston Beer in a research report on Friday, October 25th. Citigroup lowered their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Needham & Company LLC started coverage on Boston Beer in a report on Friday, December 6th. They set a “hold” rating for the company. Finally, Jefferies Financial Group downgraded shares of Boston Beer from a “buy” rating to a “hold” rating and lowered their price target for the company from $355.00 to $325.00 in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $302.90.

Boston Beer Price Performance

Boston Beer stock opened at $239.62 on Friday. The Boston Beer Company, Inc. has a 1 year low of $237.10 and a 1 year high of $371.65. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. The firm has a 50-day moving average of $281.30 and a two-hundred day moving average of $284.67.

About Boston Beer

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.