Crawford Fund Management LLC Reduces Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Crawford Fund Management LLC lessened its position in The Boston Beer Company, Inc. (NYSE:SAM) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,936 shares of the company’s stock after selling 2,579 shares during the quarter. Boston Beer accounts for 1.2% of Crawford Fund Management LLC’s portfolio, making the stock its 12th largest position. Crawford Fund Management LLC owned about 0.17% of Boston Beer worth $5,764,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in shares of Boston Beer in the 1st quarter worth about $30,000. First Horizon Advisors Inc. lifted its holdings in Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Covestor Ltd lifted its holdings 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. ORG Partners LLC bought a new stake in Boston Beer during the 2nd quarter valued at about $48,000. Finally, Sachetta LLC lifted its holdings in Boston Beer by 1,533.3% during the 2nd quarter. Sachetta LLC now owns 245 shares of the company’s stock valued at $68,000 after buying an additional 230 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 0.4 %

Shares of Boston Beer stock opened at $313.68 on Friday. The firm’s 50 day moving average price is $294.59 and its 200-day moving average price is $286.30. The Boston Beer Company, Inc. has a 52-week low of $254.40 and a 52-week high of $371.65. The company has a market cap of $3.60 billion, a P/E ratio of 46.13, a PEG ratio of 1.21 and a beta of 1.06.

Analyst Ratings Changes

SAM has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $318.00 price objective on shares of Boston Beer in a report on Friday, October 25th. Piper Sandler lifted their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group downgraded shares of Boston Beer from a “buy” rating to a “hold” rating and cut their target price for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Finally, Roth Mkm reissued a “buy” rating and set a $389.00 target price on shares of Boston Beer in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $314.82.

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.