The Boston Beer Company, Inc. (NYSE:SAM) Stock Holdings Decreased by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in The Boston Beer Company, Inc. (NYSE:SAM) by 0.8% in the 3rd quarter, Holdings Channel reports. The fund owned 126,243 shares of the company’s stock after selling 1,026 shares during the period. Fisher Asset Management LLC’s holdings in Boston Beer were worth $36,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in shares of Boston Beer by 36.6% in the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after purchasing an additional 34 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after acquiring an additional 62 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Boston Beer by 8.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock worth $251,000 after acquiring an additional 68 shares during the period. Los Angeles Capital Management LLC grew its stake in Boston Beer by 0.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company’s stock valued at $4,493,000 after acquiring an additional 74 shares in the last quarter. Finally, QV Investors Inc. increased its holdings in shares of Boston Beer by 0.4% in the 3rd quarter. QV Investors Inc. now owns 20,650 shares of the company’s stock valued at $5,971,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Performance

SAM opened at $312.28 on Wednesday. The firm has a market cap of $3.58 billion, a P/E ratio of 46.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.06. The business has a 50 day moving average price of $293.10 and a 200 day moving average price of $285.95. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $371.65.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a research report on Friday, October 25th. Finally, Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and reduced their price target for the company from $355.00 to $325.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.