Swiss National Bank Sells 400 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Swiss National Bank cut its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,000 shares of the company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Boston Beer were worth $5,400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC bought a new stake in shares of Boston Beer during the 3rd quarter valued at approximately $339,000. First Horizon Advisors Inc. boosted its position in Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Boston Beer during the third quarter worth $317,000. Great Valley Advisor Group Inc. grew its stake in shares of Boston Beer by 8.5% during the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock worth $251,000 after buying an additional 68 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Boston Beer during the third quarter worth $2,750,000. Institutional investors own 81.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SAM shares. Piper Sandler reduced their price objective on Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Needham & Company LLC began coverage on shares of Boston Beer in a research report on Friday, December 6th. They issued a “hold” rating for the company. Finally, Roth Mkm reiterated a “buy” rating and set a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Boston Beer has a consensus rating of “Hold” and a consensus price target of $292.40.

Boston Beer Stock Up 4.1 %

SAM stock opened at $237.34 on Tuesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 1.23 and a beta of 1.14. The company’s fifty day simple moving average is $239.03 and its 200 day simple moving average is $275.27. The Boston Beer Company, Inc. has a 12-month low of $215.10 and a 12-month high of $339.77.

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.