Venturi Wealth Management LLC Boosts Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Venturi Wealth Management LLC grew its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 66.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 836 shares of the company’s stock after buying an additional 335 shares during the period. Venturi Wealth Management LLC’s holdings in Boston Beer were worth $251,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Entropy Technologies LP purchased a new position in shares of Boston Beer during the 4th quarter valued at about $368,000. Legato Capital Management LLC purchased a new position in shares of Boston Beer during the 4th quarter valued at about $1,966,000. Merit Financial Group LLC purchased a new position in Boston Beer in the 4th quarter worth approximately $434,000. Point72 Hong Kong Ltd purchased a new position in Boston Beer in the 3rd quarter worth approximately $1,746,000. Finally, Barclays PLC lifted its holdings in Boston Beer by 44.2% in the 3rd quarter. Barclays PLC now owns 12,988 shares of the company’s stock worth $3,753,000 after purchasing an additional 3,983 shares in the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAM. 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. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Needham & Company LLC began coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating on the stock. Citigroup lowered their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $302.90.

Boston Beer Price Performance

Shares of SAM opened at $226.95 on Friday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The business’s 50 day simple moving average is $263.99 and its 200-day simple moving average is $281.35. The Boston Beer Company, Inc. has a 1 year low of $222.27 and a 1 year high of $371.65.

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.