Great Valley Advisor Group Inc. Grows Position in The Boston Beer Company, Inc. (NYSE:SAM)

Great Valley Advisor Group Inc. increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 8.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 867 shares of the company’s stock after buying an additional 68 shares during the period. Great Valley Advisor Group Inc.’s holdings in Boston Beer were worth $251,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Boston Beer by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after buying an additional 26,538 shares during the period. Bank of New York Mellon Corp boosted its holdings in Boston Beer by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock valued at $40,720,000 after purchasing an additional 9,997 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in 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 purchasing an additional 51,003 shares in the last quarter. Armistice Capital LLC boosted its holdings in Boston Beer by 1.1% in the second quarter. Armistice Capital LLC now owns 97,292 shares of the company’s stock valued at $29,679,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new position in Boston Beer in the second quarter valued at approximately $16,014,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Price Performance

Shares of NYSE SAM opened at $313.68 on Thursday. The stock has a fifty day moving average price of $293.82 and a 200 day moving average price of $286.10. The Boston Beer Company, Inc. has a 1-year low of $254.40 and a 1-year high of $371.65. The company has a market cap of $3.60 billion, a PE ratio of 46.37, a P/E/G ratio of 1.21 and a beta of 1.06.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group upped their price target on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Piper Sandler upped their price target on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and lowered their price target for the company from $355.00 to $325.00 in a report on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 price objective on shares of Boston Beer in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer has a consensus rating of “Hold” and a consensus price target of $314.82.

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.