Kera Capital Partners Inc. Purchases Shares of 854 The Boston Beer Company, Inc. (NYSE:SAM)

Kera Capital Partners Inc. acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the 4th quarter, Holdings Channel reports. The fund acquired 854 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its stake in Boston Beer by 61.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after acquiring an additional 95 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Boston Beer by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after purchasing an additional 26,538 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Boston Beer during the second quarter worth $301,000. Mercer Global Advisors Inc. ADV bought a new position in Boston Beer in the second quarter valued at $1,059,000. Finally, XTX Topco Ltd increased its stake in Boston Beer by 72.4% in the 2nd quarter. XTX Topco Ltd now owns 3,967 shares of the company’s stock valued at $1,210,000 after buying an additional 1,666 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Down 0.3 %

Shares of NYSE:SAM opened at $251.90 on Friday. The Boston Beer Company, Inc. has a 12-month low of $249.21 and a 12-month high of $371.65. The business has a 50 day moving average of $301.14 and a 200-day moving average of $288.76. The stock has a market cap of $2.89 billion, a PE ratio of 37.04, a P/E/G ratio of 0.81 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAM. Roth Mkm restated a “buy” rating and set a $389.00 price objective on shares of Boston Beer in a research note on Wednesday, October 23rd. Citigroup decreased their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler upped their price objective on Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a research note on Friday, October 25th. Finally, Jefferies Financial Group lowered shares of Boston Beer from a “buy” rating to a “hold” rating and dropped their price target for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. One 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $308.40.

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.