Fox Run Management L.L.C. Has $691,000 Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Fox Run Management L.L.C. lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,302 shares of the company’s stock after purchasing an additional 706 shares during the quarter. Fox Run Management L.L.C.’s holdings in Boston Beer were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SAM. Blue Trust Inc. boosted its stake in Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after buying an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after acquiring an additional 62 shares in the last quarter. GAMMA Investing LLC increased its stake in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after acquiring an additional 48 shares during the period. Finally, True Wealth Design LLC acquired a new position in Boston Beer in the third quarter worth about $47,000. 81.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAM has been the topic of several analyst reports. Citigroup upgraded Boston Beer from a “neutral” rating to a “buy” rating and upped their price objective for the company from $265.00 to $280.00 in a research note on Thursday, March 20th. Morgan Stanley dropped their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. UBS Group lowered their target price on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Piper Sandler dropped their target price on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $292.40.

Boston Beer Price Performance

SAM opened at $237.34 on Tuesday. The company’s 50 day simple moving average is $239.03 and its 200-day simple moving average is $275.27. The Boston Beer Company, Inc. has a one year low of $215.10 and a one year high of $339.77. The stock has a market capitalization of $2.67 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

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.