1,097 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in The Boston Beer Company, Inc. (NYSE:SAM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,097 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAM. Covestor Ltd raised its stake in shares of Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 34 shares during the last quarter. First Horizon Advisors Inc. raised its position in Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after purchasing an additional 62 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Boston Beer by 0.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company’s stock worth $4,493,000 after buying an additional 74 shares during the period. QV Investors Inc. grew its position in shares of Boston Beer by 0.4% in the 3rd quarter. QV Investors Inc. now owns 20,650 shares of the company’s stock worth $5,971,000 after buying an additional 80 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Boston Beer by 61.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Roth Mkm reissued a “buy” rating and set a $389.00 price objective on shares of Boston Beer in a research report on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of Boston Beer from a “buy” rating to a “hold” rating and decreased their price target for the stock from $355.00 to $325.00 in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. UBS Group raised their target price on Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. Finally, Piper Sandler upped their price target on Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $314.82.

Boston Beer Stock Up 1.8 %

Shares of NYSE SAM opened at $312.80 on Monday. The firm’s 50-day moving average price is $292.22 and its 200-day moving average price is $285.73. The company has a market cap of $3.59 billion, a PE ratio of 46.00, a PEG ratio of 1.18 and a beta of 1.06. The Boston Beer Company, Inc. has a 52-week low of $254.40 and a 52-week 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.