Pine Haven Investment Counsel Inc Has $357,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Pine Haven Investment Counsel Inc reduced its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 8.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,191 shares of the company’s stock after selling 103 shares during the period. Pine Haven Investment Counsel Inc’s holdings in Boston Beer were worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAM. D. E. Shaw & Co. Inc. raised its stake in shares of Boston Beer by 80.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock valued at $35,000,000 after acquiring an additional 51,003 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Boston Beer by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock valued at $55,814,000 after purchasing an additional 26,538 shares during the last quarter. State Street Corp raised its position in 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. Quantinno Capital Management LP boosted its stake in Boston Beer by 647.7% in the third quarter. Quantinno Capital Management LP now owns 21,064 shares of the company’s stock worth $6,090,000 after purchasing an additional 18,247 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of Boston Beer by 582.6% in the third quarter. Verition Fund Management LLC now owns 19,693 shares of the company’s stock valued at $5,694,000 after buying an additional 16,808 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Down 0.3 %

Shares of Boston Beer stock opened at $251.90 on Monday. The Boston Beer Company, Inc. has a 12 month low of $249.21 and a 12 month high of $371.65. The business has a fifty day simple moving average of $301.14 and a 200 day simple moving average of $288.70. The stock has a market cap of $2.89 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAM. Piper Sandler upped their price target on shares of Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $318.00 price target on shares of Boston Beer in a research note on Friday, October 25th. UBS Group dropped their price objective on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and decreased their price objective for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Boston Beer presently has an average rating of “Hold” and a consensus price target of $308.40.

Boston Beer Company 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.