Landscape Capital Management L.L.C. Invests $317,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Landscape Capital Management L.L.C. acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,097 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares in the last quarter. Quest Partners LLC bought a new position in shares of Boston Beer in the third quarter valued at approximately $339,000. Claro Advisors LLC purchased a new stake in shares of Boston Beer during the third quarter valued at approximately $268,000. GSA Capital Partners LLP purchased a new stake in shares of Boston Beer during the third quarter valued at approximately $1,209,000. Finally, Versor Investments LP boosted its position in Boston Beer by 41.1% in the third quarter. Versor Investments LP now owns 2,362 shares of the company’s stock worth $683,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

SAM has been the subject of several research analyst reports. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and decreased their target price for the company from $355.00 to $325.00 in a research report on Friday, October 25th. UBS Group raised their price objective on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a research note on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $389.00 price target on shares of Boston Beer in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $314.82.

Boston Beer Stock Performance

Shares of SAM opened at $312.80 on Monday. The Boston Beer Company, Inc. has a 52-week low of $254.40 and a 52-week high of $371.65. The stock’s 50-day simple moving average is $292.22 and its 200 day simple moving average is $285.73. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06.

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.