Wealthfront Advisers LLC acquired a new stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,761 shares of the company's stock, valued at approximately $6,528,000. Wealthfront Advisers LLC owned about 0.19% of Boston Beer at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Entropy Technologies LP purchased a new stake in shares of Boston Beer in the 4th quarter valued at $368,000. Legato Capital Management LLC acquired a new position in shares of Boston Beer in the 4th quarter valued at $1,966,000. Merit Financial Group LLC acquired a new position in shares of Boston Beer in the 4th quarter valued at $434,000. Point72 Hong Kong Ltd acquired a new position in shares of Boston Beer in the 3rd quarter valued at $1,746,000. Finally, Barclays PLC lifted its stake in shares of Boston Beer by 44.2% in the 3rd quarter. Barclays PLC now owns 12,988 shares of the company's stock valued at $3,753,000 after purchasing an additional 3,983 shares during the period. 81.13% of the stock is owned by hedge funds and other institutional investors.
Boston Beer Price Performance
Shares of SAM traded up $2.01 during mid-day trading on Friday, reaching $228.71. The stock had a trading volume of 171,030 shares, compared to its average volume of 164,244. The Boston Beer Company, Inc. has a 52-week low of $222.27 and a 52-week high of $339.77. The business's fifty day moving average is $244.58 and its 200 day moving average is $277.31. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 1.23 and a beta of 1.14.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SAM shares. Needham & Company LLC started coverage on shares of Boston Beer in a research report on Friday, December 6th. They set a "hold" rating for the company. Citigroup reduced their price objective on shares of Boston Beer from $335.00 to $290.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Roth Mkm restated a "buy" rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. StockNews.com cut shares of Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley dropped their target price on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $293.40.
View Our Latest Stock Analysis on SAM
Boston Beer Company Profile
(
Free Report)
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.
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