The Boston Beer Company, Inc. $SAM Shares Sold by CenterBook Partners LP

CenterBook Partners LP lowered its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 28.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,050 shares of the company’s stock after selling 2,796 shares during the period. CenterBook Partners LP owned about 0.07% of Boston Beer worth $1,491,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Syon Capital LLC increased its position in Boston Beer by 75.6% during the third quarter. Syon Capital LLC now owns 2,063 shares of the company’s stock worth $436,000 after buying an additional 888 shares during the period. Rothschild Investment LLC purchased a new position in shares of Boston Beer during the third quarter worth approximately $223,000. denkapparat Operations GmbH grew its position in shares of Boston Beer by 144.6% during the third quarter. denkapparat Operations GmbH now owns 3,200 shares of the company’s stock worth $677,000 after acquiring an additional 1,892 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Boston Beer by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 950,131 shares of the company’s stock valued at $200,877,000 after acquiring an additional 43,045 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Boston Beer by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,398 shares of the company’s stock valued at $4,735,000 after purchasing an additional 147 shares during the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup lowered their price objective on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. 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. Piper Sandler dropped their price target on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, UBS Group reduced their price objective on Boston Beer from $246.00 to $234.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and an average price target of $247.28.

Boston Beer Trading Down 0.7%

Shares of SAM stock opened at $232.18 on Friday. The stock has a 50 day simple moving average of $214.93 and a 200-day simple moving average of $213.74. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.70 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.

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.