Charles Schwab Investment Management Inc. Grows Position in The Boston Beer Company, Inc. (NYSE:SAM)

Charles Schwab Investment Management Inc. boosted its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,356 shares of the company’s stock after purchasing an additional 4,675 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of Boston Beer worth $28,305,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in Boston Beer by 7.8% in the third quarter. State Street Corp now owns 292,643 shares of the company’s stock valued at $84,615,000 after purchasing an additional 21,276 shares during the period. Fisher Asset Management LLC grew its stake in Boston Beer by 27.1% during the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock worth $48,122,000 after buying an additional 34,176 shares during the period. Quantinno Capital Management LP grew its stake in Boston Beer by 647.7% during the third quarter. Quantinno Capital Management LP now owns 21,064 shares of the company’s stock worth $6,090,000 after buying an additional 18,247 shares during the period. Verition Fund Management LLC grew its stake in Boston Beer by 582.6% during the third quarter. Verition Fund Management LLC now owns 19,693 shares of the company’s stock worth $5,694,000 after buying an additional 16,808 shares during the period. Finally, Holocene Advisors LP grew its stake in Boston Beer by 130.9% during the third quarter. Holocene Advisors LP now owns 17,431 shares of the company’s stock worth $5,040,000 after buying an additional 9,882 shares during the period. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SAM shares. StockNews.com downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Needham & Company LLC started coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating for the company. Citigroup decreased 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 note on Wednesday, January 15th. Piper Sandler reduced their target price on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced their target price on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and an average target price of $293.40.

Boston Beer Price Performance

SAM opened at $228.24 on Tuesday. The stock has a market capitalization of $2.57 billion, a PE ratio of 33.56, a P/E/G ratio of 1.23 and a beta of 1.14. The firm’s fifty day moving average price is $243.37 and its 200 day moving average price is $277.04. The Boston Beer Company, Inc. has a 12-month low of $222.27 and a 12-month high of $339.77.

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.