The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. reduced its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,384 shares of the company’s stock after selling 45 shares during the period. Heartland Advisors Inc.’s holdings in Boston Beer were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Entropy Technologies LP bought a new position in Boston Beer during the 4th quarter valued at $368,000. Legato Capital Management LLC acquired a new position in Boston Beer during the fourth quarter worth about $1,966,000. Merit Financial Group LLC bought a new stake in Boston Beer in the fourth quarter worth about $434,000. Point72 Hong Kong Ltd acquired a new stake in Boston Beer in the 3rd quarter valued at about $1,746,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Boston Beer by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company’s stock valued at $28,305,000 after purchasing an additional 4,675 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Down 0.6 %

Boston Beer stock opened at $238.83 on Friday. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The company’s fifty day simple moving average is $237.67 and its 200-day simple moving average is $274.17. The stock has a market cap of $2.69 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.23 and a beta of 1.14.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler cut their target price on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley reduced their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and set a $349.00 target price (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Needham & Company LLC started coverage on Boston Beer in a research report on Friday, December 6th. They issued a “hold” rating for the company. Finally, StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $292.40.

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.