Gamco Investors INC. ET AL Has $4.70 Million Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Gamco Investors INC. ET AL lifted its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 27.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,670 shares of the company’s stock after acquiring an additional 3,400 shares during the period. Gamco Investors INC. ET AL’s holdings in Boston Beer were worth $4,701,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Fisher Asset Management LLC boosted its holdings in Boston Beer by 27.1% in the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock valued at $48,122,000 after purchasing an additional 34,176 shares during the period. Norges Bank bought a new stake in shares of Boston Beer in the fourth quarter valued at approximately $30,741,000. Charles Schwab Investment Management Inc. grew its position in Boston Beer by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company’s stock worth $28,305,000 after buying an additional 4,675 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in Boston Beer during the 4th quarter worth $25,054,000. Finally, Global Alpha Capital Management Ltd. acquired a new position in Boston Beer in the 4th quarter valued at $23,349,000. 81.13% of the stock is owned by institutional investors.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $239.24 on Thursday. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77. The company has a market capitalization of $2.69 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The company has a fifty day moving average of $235.25 and a 200-day moving average of $270.75.

Analyst Upgrades and Downgrades

SAM has been the topic of several analyst reports. Piper Sandler reduced their target price on Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Citigroup increased their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. UBS Group decreased their price objective on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their target price 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. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $296.01.

About Boston Beer

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.