Yousif Capital Management LLC Has $641,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Yousif Capital Management LLC decreased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,138 shares of the company’s stock after selling 159 shares during the quarter. Yousif Capital Management LLC’s holdings in Boston Beer were worth $641,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SAM. Blue Trust Inc. increased 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 purchasing an additional 73 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares during the last quarter. Covestor Ltd grew its stake in Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares during the last quarter. GAMMA Investing LLC grew 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. Finally, True Wealth Design LLC acquired a new position in Boston Beer in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAM. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group reduced their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Roth Mkm reissued a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a report on Wednesday, October 23rd. Piper Sandler downgraded shares of Boston Beer from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $370.00 to $275.00 in a report on Thursday, January 23rd. Finally, Citigroup reduced their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $302.90.

Boston Beer Stock Performance

NYSE:SAM opened at $231.80 on Monday. The company has a 50-day moving average of $273.05 and a 200-day moving average of $283.12. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 0.78 and a beta of 1.06. The Boston Beer Company, Inc. has a 52 week low of $223.07 and a 52 week high of $371.65.

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.