The Boston Beer Company, Inc. $SAM Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 67.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,113 shares of the company’s stock after selling 4,405 shares during the period. AlphaQuest LLC’s holdings in Boston Beer were worth $447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SAM. Quent Capital LLC bought a new stake in shares of Boston Beer during the third quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in Boston Beer by 137.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 92 shares during the period. GAMMA Investing LLC raised its position in shares of Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 85 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Boston Beer by 606.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Boston Beer in the 2nd quarter worth approximately $50,000. Institutional investors own 81.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SAM shares. Citigroup dropped their target price on Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. UBS Group dropped their price objective on Boston Beer from $246.00 to $234.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Piper Sandler lowered their target price on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $247.28.

Boston Beer Stock Up 3.4%

Shares of NYSE SAM opened at $246.87 on Friday. The stock’s fifty day simple moving average is $206.75 and its 200 day simple moving average is $211.62. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 1.74 and a beta of 1.03. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $260.00.

Boston Beer Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.