The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,736 shares of the company’s stock after selling 18,280 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of Boston Beer worth $5,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Entropy Technologies LP acquired a new position in Boston Beer during the 4th quarter worth approximately $368,000. Legato Capital Management LLC acquired a new position in shares of Boston Beer during the fourth quarter worth $1,966,000. Merit Financial Group LLC purchased a new position in Boston Beer in the fourth quarter valued at $434,000. Charles Schwab Investment Management Inc. raised its stake in Boston Beer by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company’s stock valued at $28,305,000 after buying an additional 4,675 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new stake in Boston Beer during the 4th quarter worth about $23,349,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAM. Roth Mkm reissued a “buy” rating and set a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. UBS Group cut their price objective on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Morgan Stanley cut their price target on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup upgraded shares of Boston Beer from a “neutral” rating to a “buy” rating and upped their price objective for the company from $265.00 to $280.00 in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $291.37.

Boston Beer Stock Up 1.0 %

NYSE SAM opened at $245.70 on Friday. The firm has a market cap of $2.76 billion, a P/E ratio of 36.13, a P/E/G ratio of 1.23 and a beta of 1.14. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77. The business’s 50-day moving average price is $237.08 and its 200 day moving average price is $273.27.

Boston Beer Company 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.