GSA Capital Partners LLP Invests $1.21 Million in The Boston Beer Company, Inc. (NYSE:SAM)

GSA Capital Partners LLP purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,181 shares of the company’s stock, valued at approximately $1,209,000.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Boston Beer by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after buying an additional 26,538 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Boston Beer by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock worth $40,720,000 after buying an additional 9,997 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Boston Beer by 80.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock worth $35,000,000 after buying an additional 51,003 shares in the last quarter. Armistice Capital LLC grew its position in shares of Boston Beer by 1.1% during the second quarter. Armistice Capital LLC now owns 97,292 shares of the company’s stock worth $29,679,000 after buying an additional 1,093 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new position in Boston Beer in the second quarter worth $16,014,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Down 0.9 %

Shares of NYSE SAM opened at $320.59 on Friday. The Boston Beer Company, Inc. has a fifty-two week low of $254.40 and a fifty-two week high of $371.65. The firm’s 50-day simple moving average is $287.50 and its 200 day simple moving average is $284.19. The stock has a market cap of $3.68 billion, a P/E ratio of 47.15, a P/E/G ratio of 1.22 and a beta of 1.06.

Analyst Ratings Changes

SAM has been the subject of a number of research reports. Roth Mkm reaffirmed a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a report on Wednesday, October 23rd. Piper Sandler lifted their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group downgraded shares of Boston Beer from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $318.00 price objective on shares of Boston Beer in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $314.82.

Boston Beer 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.