Loomis Sayles & Co. L P Sells 4,134 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Loomis Sayles & Co. L P cut its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,699 shares of the company’s stock after selling 4,134 shares during the period. Loomis Sayles & Co. L P’s holdings in Boston Beer were worth $20,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after buying an additional 73 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after acquiring an additional 89 shares during the period. GAMMA Investing LLC grew its holdings in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after purchasing an additional 48 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Boston Beer during the third quarter valued at approximately $47,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Boston Beer in the third quarter valued at $49,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAM. Roth Mkm reiterated a “buy” rating and set a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Needham & Company LLC assumed coverage on shares of Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating on the stock. UBS Group cut their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Morgan Stanley decreased their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Finally, StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $292.40.

Boston Beer Stock Performance

Shares of SAM stock opened at $238.83 on Friday. The Boston Beer Company, Inc. has a 52 week low of $215.10 and a 52 week high of $339.77. The stock has a market capitalization of $2.69 billion, a PE ratio of 35.12, a PEG ratio of 1.23 and a beta of 1.14. The stock’s fifty day moving average is $237.67 and its 200-day moving average is $274.17.

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.