Savoir Faire Capital Management L.P. Makes New $4.24 Million Investment in The Boston Beer Company, Inc. (NYSE:SAM)

Savoir Faire Capital Management L.P. purchased a new position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,125 shares of the company's stock, valued at approximately $4,237,000. Boston Beer makes up approximately 2.0% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 22nd biggest holding. Savoir Faire Capital Management L.P. owned 0.12% of Boston Beer at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its stake 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 period. EverSource Wealth Advisors LLC boosted its position in Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after acquiring an additional 89 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after acquiring an additional 48 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Boston Beer in the third quarter valued at approximately $49,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Boston Beer by 42.1% in the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock worth $52,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 81.13% of the company's stock.

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Analyst Upgrades and Downgrades

SAM has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Boston Beer from $315.00 to $290.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. StockNews.com lowered Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Roth Mkm reissued a "buy" rating and issued a $349.00 target price (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Berenberg Bank initiated coverage on shares of Boston Beer in a research report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price target on the stock. Finally, Citigroup upgraded shares of Boston Beer from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $265.00 to $280.00 in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Boston Beer currently has an average rating of "Hold" and an average target price of $291.37.

Boston Beer Stock Up 5.2 %

Shares of Boston Beer stock traded up $11.95 during trading on Wednesday, reaching $240.05. The company's stock had a trading volume of 265,012 shares, compared to its average volume of 171,446. The Boston Beer Company, Inc. has a 52 week low of $215.10 and a 52 week high of $339.77. The business's 50-day moving average price is $235.29 and its 200-day moving average price is $271.90. The firm has a market cap of $2.70 billion, a PE ratio of 35.30, a P/E/G ratio of 1.23 and a beta of 1.26.

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.