Alberta Investment Management Corp Has $3.46 Million Stake in The Boston Beer Company, Inc. (NYSE:SAM)

Alberta Investment Management Corp raised its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 67.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,540 shares of the company’s stock after purchasing an additional 4,640 shares during the period. Alberta Investment Management Corp owned approximately 0.10% of Boston Beer worth $3,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Creative Planning grew its position in Boston Beer by 6.5% during the third quarter. Creative Planning now owns 2,540 shares of the company’s stock worth $734,000 after buying an additional 155 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Boston Beer during the 3rd quarter valued at $45,150,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Boston Beer by 389.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,714 shares of the company’s stock worth $1,652,000 after purchasing an additional 4,546 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Boston Beer by 323.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,261 shares of the company’s stock worth $984,000 after purchasing an additional 2,491 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in shares of Boston Beer by 3.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 3,968 shares of the company’s stock worth $1,147,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $318.00 price objective on shares of Boston Beer in a research note on Friday, October 25th. Citigroup reduced their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft cut their target price on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group decreased their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Boston Beer has an average rating of “Hold” and a consensus target price of $302.90.

Boston Beer Stock Down 0.4 %

NYSE SAM opened at $225.02 on Friday. The Boston Beer Company, Inc. has a twelve month low of $222.27 and a twelve month high of $371.65. The business’s fifty day moving average is $265.76 and its 200 day moving average is $281.64. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06.

Boston Beer 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.