Charles Schwab Investment Management Inc. Buys 4,675 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Charles Schwab Investment Management Inc. grew its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,356 shares of the company's stock after acquiring an additional 4,675 shares during the period. Charles Schwab Investment Management Inc. owned about 0.82% of Boston Beer worth $28,305,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after buying an additional 73 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company's stock valued at $35,000 after acquiring an additional 62 shares in the last quarter. GAMMA Investing LLC lifted its position in 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. True Wealth Design LLC purchased a new stake in Boston Beer during the 3rd quarter valued at $47,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Boston Beer in the 3rd quarter worth $49,000. Institutional investors own 81.13% of the company's stock.

Analyst Upgrades and Downgrades

SAM has been the topic of several recent analyst reports. Needham & Company LLC started coverage on Boston Beer in a research report on Friday, December 6th. They set a "hold" rating on the stock. Piper Sandler reduced their price target on shares of Boston Beer from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. StockNews.com downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. UBS Group lowered their price target on Boston Beer from $315.00 to $290.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Citigroup raised Boston Beer from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $265.00 to $280.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $292.40.

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Boston Beer Stock Up 0.1 %

SAM stock traded up $0.15 during midday trading on Friday, hitting $227.66. The company's stock had a trading volume of 177,301 shares, compared to its average volume of 165,549. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. The company has a 50 day moving average of $240.10 and a two-hundred day moving average of $275.95. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

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.