Captrust Financial Advisors Increases Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Captrust Financial Advisors boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 258.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,558 shares of the company's stock after purchasing an additional 1,845 shares during the period. Captrust Financial Advisors' holdings in Boston Beer were worth $740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in shares of Boston Beer by 105.1% during 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. Covestor Ltd boosted its stake in Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company's stock worth $37,000 after buying an additional 34 shares during the period. ORG Partners LLC acquired a new stake in shares of Boston Beer during the second quarter valued at about $48,000. Sachetta LLC raised its stake in shares of Boston Beer by 1,533.3% in the 2nd quarter. Sachetta LLC now owns 245 shares of the company's stock valued at $68,000 after acquiring an additional 230 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Boston Beer by 61.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company's stock worth $75,000 after acquiring an additional 95 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Price Performance

Shares of Boston Beer stock traded down $1.43 on Wednesday, reaching $315.07. 63,662 shares of the company were exchanged, compared to its average volume of 152,827. The stock's 50 day moving average price is $301.93 and its 200-day moving average price is $289.11. The company has a market cap of $3.62 billion, a P/E ratio of 46.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. The Boston Beer Company, Inc. has a 1-year low of $254.40 and a 1-year high of $371.65.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SAM shares. 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. Needham & Company LLC began coverage on Boston Beer in a research report on Friday, December 6th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Boston Beer from $281.00 to $277.00 and set a "hold" rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group cut Boston Beer from a "buy" rating to a "hold" rating and lowered their target price for the company from $355.00 to $325.00 in a report on Friday, October 25th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $389.00 target price on shares of Boston Beer in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Boston Beer currently has a consensus rating of "Hold" and a consensus target price 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.