The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC cut its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,380 shares of the company’s stock after selling 75 shares during the quarter. Boston Beer comprises approximately 1.4% of Gagnon Securities LLC’s investment portfolio, making the stock its 25th biggest position. Gagnon Securities LLC’s holdings in Boston Beer were worth $6,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its position in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after acquiring an additional 62 shares during the period. Covestor Ltd boosted its stake in shares of Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares during the period. GAMMA Investing LLC boosted its stake in shares of Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after buying an additional 48 shares during the period. Finally, True Wealth Design LLC purchased a new position in shares of Boston Beer in the 3rd quarter valued at about $47,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SAM shares. Deutsche Bank Aktiengesellschaft decreased their target price on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Citigroup dropped their target price on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a report on Friday, October 25th. 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. Finally, UBS Group decreased their target price on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $302.90.

Boston Beer Trading Down 1.5 %

Boston Beer stock opened at $250.77 on Friday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 36.88, a PEG ratio of 0.80 and a beta of 1.08. The stock has a fifty day moving average price of $288.41 and a 200 day moving average price of $286.01. The Boston Beer Company, Inc. has a 52 week low of $243.20 and a 52 week high of $371.65.

Boston Beer Company 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.