The Boston Beer Company, Inc. (NYSE:SAM) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 849,688 shares of the company's stock after selling 31,690 shares during the quarter. Vanguard Group Inc. owned about 7.40% of Boston Beer worth $254,889,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Entropy Technologies LP purchased a new position in shares of Boston Beer in the 4th quarter worth about $368,000. Legato Capital Management LLC purchased a new stake in shares of Boston Beer in the 4th quarter valued at about $1,966,000. Merit Financial Group LLC purchased a new stake in shares of Boston Beer during the 4th quarter valued at $434,000. Charles Schwab Investment Management Inc. lifted its stake in Boston Beer by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock worth $28,305,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Boston Beer by 67.2% in the fourth quarter. Alberta Investment Management Corp now owns 11,540 shares of the company's stock worth $3,462,000 after buying an additional 4,640 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Price Performance

Shares of SAM stock traded up $11.95 on Wednesday, hitting $240.05. The stock had a trading volume of 265,012 shares, compared to its average volume of 171,446. The firm has a market capitalization of $2.70 billion, a P/E ratio of 35.30, a P/E/G ratio of 1.23 and a beta of 1.26. The company's 50 day moving average price is $235.29 and its 200-day moving average price is $271.90. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAM shares. Berenberg Bank started coverage on Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 target price on the stock. Roth Mkm reiterated a "buy" rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Morgan Stanley decreased their price target on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Citigroup upgraded shares of Boston Beer from a "neutral" rating to a "buy" rating and raised their target price for the stock from $265.00 to $280.00 in a report on Thursday, March 20th. Finally, StockNews.com downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $291.37.

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.