The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in The Boston Beer Company, Inc. (NYSE:SAM) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,300 shares of the company’s stock after selling 800 shares during the quarter. Gabelli Funds LLC’s holdings in Boston Beer were worth $4,890,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Boston Beer by 405.6% in 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 last quarter. EverSource Wealth Advisors LLC increased its stake in Boston Beer by 2,225.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after purchasing an additional 89 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after purchasing an additional 48 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Boston Beer by 42.1% in the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after buying an additional 51 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Boston Beer by 67.9% in the 4th quarter. US Bancorp DE now owns 272 shares of the company’s stock valued at $82,000 after buying an additional 110 shares during the period. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 0.2 %

Shares of SAM opened at $238.98 on Friday. The firm has a market capitalization of $2.69 billion, a PE ratio of 35.14, a P/E/G ratio of 1.23 and a beta of 1.26. The firm has a 50-day moving average price of $235.32 and a 200 day moving average price of $270.41. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SAM shares. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Roth Mkm reiterated a “buy” rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Morgan Stanley reduced their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Citigroup increased their target price on Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler cut their target price on Boston Beer from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $293.91.

Boston Beer 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.