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

Fox Run Management L.L.C. raised its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 44.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,302 shares of the company’s stock after buying an additional 706 shares during the quarter. Fox Run Management L.L.C.’s holdings in Boston Beer were worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAM. Virtu Financial LLC acquired a new position in shares of Boston Beer in the fourth quarter worth $377,000. 1620 Investment Advisors Inc. increased its position in Boston Beer by 89.4% in the 4th quarter. 1620 Investment Advisors Inc. now owns 909 shares of the company’s stock worth $273,000 after purchasing an additional 429 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Boston Beer by 98.9% during the 4th quarter. Teacher Retirement System of Texas now owns 4,801 shares of the company’s stock worth $1,440,000 after purchasing an additional 2,387 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Boston Beer by 29.6% during the 4th quarter. Intech Investment Management LLC now owns 2,021 shares of the company’s stock valued at $606,000 after buying an additional 461 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Boston Beer in the 4th quarter valued at approximately $246,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 4.1 %

Shares of SAM stock opened at $237.34 on Tuesday. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The firm has a market cap of $2.67 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The stock has a 50 day moving average of $239.03 and a 200-day moving average of $275.27.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group reduced their target price on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Citigroup raised shares of Boston Beer from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $280.00 in a research note on Thursday, March 20th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Morgan Stanley decreased their price target 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. Finally, Roth Mkm reissued a “buy” rating and issued a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. One investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $292.40.

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.