Y Intercept Hong Kong Ltd Buys 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% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,987 shares of the company’s stock after purchasing an additional 1,281 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Boston Beer were worth $1,496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its holdings 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 period. Quantinno Capital Management LP boosted its holdings in Boston Beer by 647.7% in the 3rd quarter. Quantinno Capital Management LP now owns 21,064 shares of the company’s stock valued at $6,090,000 after purchasing an additional 18,247 shares during the period. Verition Fund Management LLC boosted its holdings in Boston Beer by 582.6% in the 3rd quarter. Verition Fund Management LLC now owns 19,693 shares of the company’s stock valued at $5,694,000 after purchasing an additional 16,808 shares during the period. Holocene Advisors LP boosted its holdings in Boston Beer by 130.9% in the 3rd quarter. Holocene Advisors LP now owns 17,431 shares of the company’s stock valued at $5,040,000 after purchasing an additional 9,882 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Boston Beer by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,389 shares of the company’s stock valued at $4,239,000 after purchasing an additional 1,406 shares during the period. 81.13% of the stock is owned by institutional investors.

Boston Beer Stock Up 0.1 %

Shares of SAM stock opened at $234.08 on Wednesday. The Boston Beer Company, Inc. has a 12-month low of $222.27 and a 12-month high of $371.65. The company has a market capitalization 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 firm has a 50-day moving average price of $261.05 and a 200 day moving average price of $281.06.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SAM shares. Needham & Company LLC initiated coverage on shares of Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. Citigroup reduced their price objective 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. UBS Group reduced their price objective 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. Piper Sandler downgraded shares of Boston Beer from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Boston Beer from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $302.90.

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.