Somewhat. Hugging yes, snuggling no, playful wrestling when certain friends are particularly drunk.

Yes, I do wish it was more socially acceptable

Frodo and Sam should be fucking role models, especially the book versions who were even more deeply close than the films.

I mean, honestly, for fantasy, the entire Lord of the Rings series is replete with strong men expressing emotion in healthy ways to deal with the horrors of what they were facing. They sing deeply loving songs for fallen comrades, notably Boromir even after he makes a grave mistake, already forgiven, while giving him the best of funerals they can (In their song for Boromir, Aragorn even calls Boromir beautiful[^1]). They cry for one another and feel great distress at the suffering of those in their fellowship. They carry each others' burdens up to Sam literally carrying Frodo up Mount Doom. Anyway, they weren't unwilling to show physical affection or speak highly of another's beauty.

[^1]: "His head so proud, his face so fair, his limbs they laid to rest," In every context of Toklein using the word "fair" in LOTR, it has been taken to mean "beautiful."