The Boston Beer Company, Inc. (NYSE:SAM) Holdings Raised by Savant Capital LLC

Savant Capital LLC increased its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 7,926 shares of the company’s stock after acquiring an additional 100 shares during the period. Savant Capital LLC’s holdings in Boston Beer were worth $2,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd increased its position in shares of Boston Beer by 36.6% in the third quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after acquiring an additional 34 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after acquiring an additional 48 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares during the period. Exchange Traded Concepts LLC grew its position in Boston Beer by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock worth $789,000 after purchasing an additional 65 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in Boston Beer by 8.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Trading Down 2.4 %

Boston Beer stock opened at $227.47 on Thursday. The Boston Beer Company, Inc. has a 1-year low of $223.07 and a 1-year high of $371.65. The firm’s fifty day simple moving average is $276.37 and its 200-day simple moving average is $283.79. The company has a market capitalization of $2.61 billion, a P/E ratio of 33.45, a P/E/G ratio of 0.78 and a beta of 1.06.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group cut Boston Beer from a “buy” rating to a “hold” rating and decreased their target price for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $389.00 price objective on shares of Boston Beer in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a report on Friday, October 25th. UBS Group decreased their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $302.90.

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.