The Boston Beer Company, Inc. $SAM Stock Position Lowered by AlphaQuest LLC

AlphaQuest LLC decreased its position in The Boston Beer Company, Inc. (NYSE:SAM) by 67.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Calamos Advisors LLC lifted its position in Boston Beer by 12.1% in the 3rd quarter. Calamos Advisors LLC now owns 65,364 shares of the company’s stock worth $13,819,000 after buying an additional 7,035 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Boston Beer during the second quarter worth $12,795,000. Savoir Faire Capital Management L.P. boosted its position in Boston Beer by 28.4% during the third quarter. Savoir Faire Capital Management L.P. now owns 38,825 shares of the company’s stock valued at $8,208,000 after purchasing an additional 8,585 shares during the last quarter. SG Americas Securities LLC grew its stake in Boston Beer by 835.1% in the third quarter. SG Americas Securities LLC now owns 5,667 shares of the company’s stock valued at $1,198,000 after purchasing an additional 5,061 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Boston Beer by 445.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,036 shares of the company’s stock worth $2,444,000 after purchasing an additional 9,014 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Boston Beer Stock Performance

NYSE SAM opened at $246.87 on Friday. The stock has a 50-day simple moving average of $206.75 and a 200 day simple moving average of $211.62. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $260.00. The stock has a market capitalization of $2.63 billion, a PE ratio of 29.11, a P/E/G ratio of 1.74 and a beta of 1.03.

Boston Beer Company 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.