QV Investors Inc. Has $5.06 Million Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

QV Investors Inc. cut its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,880 shares of the company’s stock after selling 3,770 shares during the quarter. QV Investors Inc. owned approximately 0.15% of Boston Beer worth $5,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SAM. Texas Permanent School Fund Corp lifted its holdings in shares of Boston Beer by 18.7% during the second quarter. Texas Permanent School Fund Corp now owns 9,776 shares of the company’s stock worth $2,982,000 after buying an additional 1,539 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Boston Beer by 61.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock worth $75,000 after acquiring an additional 95 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in Boston Beer in the second quarter valued at about $228,000. Oppenheimer Asset Management Inc. grew its stake in Boston Beer by 18.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,933 shares of the company’s stock worth $1,505,000 after buying an additional 778 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 26,538 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Stock Up 1.5 %

SAM stock traded up $3.93 during midday trading on Monday, reaching $259.98. 78,747 shares of the company’s stock traded hands, compared to its average volume of 192,247. The firm’s fifty day moving average price is $305.76 and its 200-day moving average price is $290.29. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 1.21 and a beta of 1.08. The Boston Beer Company, Inc. has a 52 week low of $253.13 and a 52 week high of $371.65.

Wall Street Analysts Forecast Growth

SAM has been the topic of a number of research reports. Piper Sandler upped their target price 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 reiterated a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a report on Wednesday, October 23rd. Needham & Company LLC initiated coverage on Boston Beer in a report on Friday, December 6th. They set a “hold” rating on the stock. 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. Finally, Jefferies Financial Group cut shares of 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 research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $314.82.

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.