Renaissance Technologies LLC boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM – Free Report) by 13.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,779 shares of the company’s stock after purchasing an additional 11,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Boston Beer were worth $21,607,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Boston Beer by 340.4% during the 3rd quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after buying an additional 500,120 shares in the last quarter. Woodson Capital Management LP bought a new stake in shares of Boston Beer in the fourth quarter valued at about $19,513,000. Vanguard Group Inc. raised its holdings in shares of Boston Beer by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after acquiring an additional 89,053 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Boston Beer by 278.0% in the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after acquiring an additional 82,742 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Boston Beer by 266.7% in the second quarter. Quantinno Capital Management LP now owns 77,337 shares of the company’s stock worth $14,757,000 after acquiring an additional 56,248 shares during the period. 81.13% of the stock is owned by institutional investors.
Boston Beer Stock Up 0.4%
NYSE:SAM opened at $186.44 on Thursday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -27.46, a PEG ratio of 3.69 and a beta of 0.78. The Boston Beer Company, Inc. has a 52 week low of $158.68 and a 52 week high of $264.46. The firm has a 50 day moving average of $177.98 and a 200 day moving average of $208.92.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley set a $190.00 price objective on shares of Boston Beer and gave the company an “equal weight” rating in a research note on Friday, July 24th. Zacks Research lowered shares of Boston Beer from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. The Goldman Sachs Group reduced their price objective on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group lowered their target price on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $206.91.
View Our Latest Research Report on Boston Beer
About Boston Beer
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.
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