Gamco Investors INC. ET AL Has $4.70 Million Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Gamco Investors INC. ET AL lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,670 shares of the company’s stock after buying an additional 3,400 shares during the period. Gamco Investors INC. ET AL owned about 0.14% of Boston Beer worth $4,701,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its position in Boston Beer by 27.1% during the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock worth $48,122,000 after acquiring an additional 34,176 shares during the last quarter. Norges Bank acquired a new position in Boston Beer during the fourth quarter worth $30,741,000. Charles Schwab Investment Management Inc. grew its position in Boston Beer by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company’s stock valued at $28,305,000 after purchasing an additional 4,675 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in Boston Beer in the fourth quarter valued at $25,054,000. Finally, Global Alpha Capital Management Ltd. acquired a new stake in Boston Beer in the 4th quarter valued at $23,349,000. 81.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SAM. Morgan Stanley decreased their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Berenberg Bank initiated coverage on Boston Beer in a report on Wednesday, April 2nd. They issued a “hold” rating and a $281.10 price objective for the company. Citigroup boosted their target price on shares of Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Monday. Finally, Roth Mkm reissued a “buy” rating and issued a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $296.01.

Boston Beer Stock Performance

NYSE SAM opened at $239.24 on Thursday. The stock has a market cap of $2.69 billion, a PE ratio of 35.18, a P/E/G ratio of 1.23 and a beta of 1.26. The firm has a 50-day moving average of $235.25 and a 200-day moving average of $270.75. The Boston Beer Company, Inc. has a 52-week low of $215.10 and a 52-week high of $339.77.

About Boston Beer

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.