KBC Group NV Acquires 117 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

KBC Group NV boosted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 38.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 418 shares of the company’s stock after buying an additional 117 shares during the quarter. KBC Group NV’s holdings in Boston Beer were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SAM. Blue Trust Inc. lifted its holdings in shares of Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after buying an additional 62 shares during the last quarter. Covestor Ltd increased its position in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC raised 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 buying an additional 48 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Boston Beer in the third quarter worth about $47,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAM has been the subject of several research reports. Roth Mkm reiterated a “buy” rating and set a $389.00 price objective on shares of Boston Beer in a research note on Wednesday, October 23rd. Needham & Company LLC began coverage on shares of Boston Beer in a report on Friday, December 6th. They issued a “hold” rating on the stock. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and decreased their price target for the company from $355.00 to $325.00 in a report on Friday, October 25th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $302.90.

Boston Beer Price Performance

NYSE SAM opened at $239.62 on Friday. The Boston Beer Company, Inc. has a 1-year low of $237.10 and a 1-year high of $371.65. The stock’s 50 day simple moving average is $281.30 and its 200-day simple moving average is $284.67. The company has a market cap of $2.75 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 0.80 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.