Y Intercept Hong Kong Ltd Purchases 1,281 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Y Intercept Hong Kong Ltd raised its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,987 shares of the company’s stock after buying an additional 1,281 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Boston Beer were worth $1,496,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after buying an additional 73 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Covestor Ltd lifted its stake in Boston Beer by 36.6% in the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC lifted its stake in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after buying an additional 48 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Boston Beer in the third quarter valued at approximately $47,000. Institutional investors own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAM. Needham & Company LLC began coverage on shares of Boston Beer in a report on Friday, December 6th. They set a “hold” rating for the company. StockNews.com upgraded shares of Boston Beer from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group reduced their target price 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. Citigroup reduced their target price 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. Finally, Piper Sandler cut shares of Boston Beer from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Boston Beer currently has a consensus rating of “Hold” and an average price target of $302.90.

Boston Beer Price Performance

Shares of SAM stock opened at $234.08 on Wednesday. The stock has a market cap of $2.69 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a fifty day moving average price of $261.05 and a two-hundred day moving average price of $281.06. The Boston Beer Company, Inc. has a one year low of $222.27 and a one year high of $371.65.

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.