Hudson Edge Investment Partners Inc. Has $274,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Hudson Edge Investment Partners Inc. decreased its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 33.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 913 shares of the company’s stock after selling 458 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Boston Beer were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SAM. Covestor Ltd grew its holdings in Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after purchasing an additional 34 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after buying an additional 48 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of 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 purchasing an additional 62 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Boston Beer by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock valued at $789,000 after purchasing an additional 65 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in Boston Beer by 8.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock worth $251,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Up 0.8 %

NYSE SAM opened at $226.95 on Friday. The company has a market capitalization of $2.61 billion, a P/E ratio of 33.38, a P/E/G ratio of 1.23 and a beta of 1.06. The Boston Beer Company, Inc. has a 12-month low of $222.27 and a 12-month high of $371.65. The firm has a 50-day moving average price of $263.99 and a two-hundred day moving average price of $281.45.

Analyst Ratings Changes

SAM has been the topic of a number of recent analyst reports. Piper Sandler cut shares of Boston Beer from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $370.00 to $275.00 in a research report on Thursday, January 23rd. UBS Group cut their price objective on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Needham & Company LLC started coverage on shares of Boston Beer in a research report on Friday, December 6th. They issued a “hold” rating on the stock. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Citigroup lowered their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $302.90.

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.