US Bancorp DE Has $82,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

US Bancorp DE boosted its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 67.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272 shares of the company’s stock after purchasing an additional 110 shares during the quarter. US Bancorp DE’s holdings in Boston Beer were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Boston Beer by 7.8% in the 3rd 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 last quarter. Fisher Asset Management LLC boosted its stake in Boston Beer by 27.1% in the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock valued at $48,122,000 after buying an additional 34,176 shares in the last quarter. Quantinno Capital Management LP grew its position in Boston Beer by 647.7% in the third quarter. Quantinno Capital Management LP now owns 21,064 shares of the company’s stock valued at $6,090,000 after acquiring an additional 18,247 shares during the last quarter. Verition Fund Management LLC raised 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 acquiring an additional 16,808 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Boston Beer by 130.9% in the third quarter. Holocene Advisors LP now owns 17,431 shares of the company’s stock worth $5,040,000 after acquiring an additional 9,882 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAM. Citigroup lowered 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 report on Wednesday, January 15th. UBS Group dropped their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler cut their price objective on Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and issued a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Finally, Morgan Stanley cut their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $293.40.

Boston Beer Price Performance

Boston Beer stock opened at $228.24 on Tuesday. The stock’s 50 day moving average is $243.37 and its 200 day moving average is $277.04. The Boston Beer Company, Inc. has a one year low of $222.27 and a one year high of $339.77. The firm has a market cap of $2.57 billion, a P/E ratio of 33.56, a P/E/G ratio of 1.23 and a beta of 1.14.

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.