Entropy Technologies LP Invests $368,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Entropy Technologies LP acquired a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,226 shares of the company's stock, valued at approximately $368,000.

A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. raised 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 purchasing an additional 73 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Boston Beer by 105.1% in the third 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 last quarter. Covestor Ltd raised its stake 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 purchasing an additional 34 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after purchasing an additional 48 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Boston Beer in the third quarter worth $47,000. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Down 0.5 %

NYSE:SAM traded down $1.18 during mid-day trading on Friday, hitting $231.80. 196,909 shares of the company traded hands, compared to its average volume of 168,288. The stock's fifty day moving average price is $273.05 and its 200-day moving average price is $283.12. The Boston Beer Company, Inc. has a one year low of $223.07 and a one year high of $371.65. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Boston Beer from $281.00 to $277.00 and set a "hold" rating for the company in a research note on Thursday, October 24th. Citigroup decreased their price target on Boston Beer from $335.00 to $290.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Needham & Company LLC assumed coverage on Boston Beer in a research report on Friday, December 6th. They set a "hold" rating for the company. UBS Group reduced their price objective on Boston Beer from $315.00 to $290.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com cut Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $302.90.

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.