Quantbot Technologies LP Takes Position in The Boston Beer Company, Inc. (NYSE:SAM)

Quantbot Technologies LP purchased a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,130 shares of the company’s stock, valued at approximately $1,483,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mesirow Institutional Investment Management Inc. acquired a new position in Boston Beer in the 2nd quarter valued at $16,014,000. D. E. Shaw & Co. Inc. grew its position in Boston Beer by 80.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock worth $35,000,000 after purchasing an additional 51,003 shares during the last quarter. Jane Street Group LLC grew its position in Boston Beer by 171.8% in the 1st quarter. Jane Street Group LLC now owns 15,876 shares of the company’s stock worth $4,833,000 after purchasing an additional 37,985 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Boston Beer by 190.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 46,659 shares of the company’s stock worth $14,233,000 after purchasing an additional 30,601 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Boston Beer by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after purchasing an additional 26,538 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SAM shares. Roth Mkm reaffirmed a “buy” rating and set a $389.00 price objective on shares of Boston Beer in a report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $318.00 price target on shares of Boston Beer in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Piper Sandler boosted their target price on shares of Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, UBS Group lifted their price target on shares of Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $314.82.

Boston Beer Stock Up 0.8 %

Boston Beer stock opened at $316.24 on Friday. The stock has a market capitalization of $3.63 billion, a PE ratio of 46.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $371.65. The company has a 50 day moving average of $295.36 and a 200-day moving average of $286.49.

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.