Point72 Hong Kong Ltd purchased a new stake in The Boston Beer Company, Inc. (NYSE:SAM – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,037 shares of the company’s stock, valued at approximately $1,746,000. Point72 Hong Kong Ltd owned approximately 0.05% of Boston Beer at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SAM. Dimensional Fund Advisors LP increased its position in Boston Beer by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock valued at $55,814,000 after buying an additional 26,538 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Boston Beer by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock valued at $40,720,000 after acquiring an additional 9,997 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Boston Beer by 80.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock worth $35,000,000 after purchasing an additional 51,003 shares during the period. Armistice Capital LLC lifted its holdings in shares of Boston Beer by 1.1% in the 2nd quarter. Armistice Capital LLC now owns 97,292 shares of the company’s stock worth $29,679,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in Boston Beer in the 2nd quarter valued at $16,014,000. Institutional investors and hedge funds own 81.13% of the company’s stock.
Boston Beer Price Performance
Shares of NYSE:SAM opened at $316.24 on Monday. The Boston Beer Company, Inc. has a 1 year low of $254.40 and a 1 year high of $371.65. The company has a market capitalization of $3.63 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. The business has a fifty day moving average price of $296.29 and a two-hundred day moving average price of $286.72.
Analyst Upgrades and Downgrades
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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.
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