Cerity Partners LLC Increases Position in The Boston Beer Company, Inc. (NYSE:SAM)

Cerity Partners LLC raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,574 shares of the company's stock after buying an additional 2,062 shares during the quarter. Cerity Partners LLC owned about 0.10% of Boston Beer worth $3,467,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after acquiring an additional 51 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Boston Beer by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company's stock worth $789,000 after acquiring an additional 65 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Boston Beer by 10.0% during the third quarter. National Bank of Canada FI now owns 793 shares of the company's stock valued at $229,000 after acquiring an additional 72 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SAM has been the topic of several research analyst reports. Roth Mkm reissued a "buy" rating and set a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Citigroup upped their target price on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Monday. UBS Group raised their target price on Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a research note on Thursday. StockNews.com downgraded Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Piper Sandler reduced their price objective on Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $293.91.

Boston Beer Price Performance

NYSE:SAM traded up $0.56 during trading hours on Friday, reaching $238.98. The company had a trading volume of 147,457 shares, compared to its average volume of 171,550. The Boston Beer Company, Inc. has a 1-year low of $215.10 and a 1-year high of $339.77. The business's 50 day moving average price is $235.32 and its 200-day moving average price is $270.41. The firm has a market cap of $2.69 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

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.