Caprock Group LLC Takes $1.28 Million Position in The Boston Beer Company, Inc. $SAM

Caprock Group LLC bought a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,769 shares of the company’s stock, valued at approximately $1,275,000. Caprock Group LLC owned approximately 0.05% of Boston Beer at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd lifted its position in shares of Boston Beer by 278.0% during the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after purchasing an additional 82,742 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Boston Beer during the 2nd quarter worth approximately $12,795,000. Arrowstreet Capital Limited Partnership lifted its holdings in Boston Beer by 34.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company’s stock worth $45,624,000 after buying an additional 60,880 shares in the last quarter. Quantinno Capital Management LP boosted its position in Boston Beer by 266.7% in the 2nd quarter. Quantinno Capital Management LP now owns 77,337 shares of the company’s stock valued at $14,757,000 after buying an additional 56,248 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Boston Beer by 159.0% in the second quarter. American Century Companies Inc. now owns 90,652 shares of the company’s stock worth $17,298,000 after acquiring an additional 55,645 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Trading Up 0.3%

Shares of Boston Beer stock opened at $247.26 on Friday. The company has a fifty day simple moving average of $211.88 and a 200-day simple moving average of $213.02. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.80 and a beta of 1.03. The Boston Beer Company, Inc. has a 12-month low of $185.34 and a 12-month high of $260.00.

Wall Street Analyst Weigh In

SAM has been the topic of several analyst reports. UBS Group reduced their price objective on Boston Beer from $246.00 to $234.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Citigroup reduced their price target on Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Piper Sandler decreased their price objective on Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Weiss Ratings upgraded shares of Boston Beer from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $247.28.

Boston Beer Company Profile

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.