The Boston Beer Company, Inc. (NYSE:SAM) Shares Bought by Savant Capital LLC

Savant Capital LLC grew its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,926 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Savant Capital LLC owned approximately 0.07% of Boston Beer worth $2,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SAM. Blue Trust Inc. grew its stake in Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after buying an additional 73 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after acquiring an additional 62 shares during the period. Covestor Ltd grew its position in shares of Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after acquiring an additional 34 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after acquiring an additional 48 shares during the period. Finally, True Wealth Design LLC bought a new stake in Boston Beer in the 3rd quarter valued at about $47,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on SAM. Royal Bank of Canada restated a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a research report on Friday, October 25th. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and cut their target price for the company from $355.00 to $325.00 in a research note on Friday, October 25th. UBS Group decreased their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Roth Mkm restated a “buy” rating and set a $389.00 price objective on shares of Boston Beer in a research note on Wednesday, October 23rd. One research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $302.90.

Boston Beer Trading Down 2.4 %

Shares of NYSE SAM opened at $227.47 on Thursday. The firm has a 50-day moving average of $276.37 and a two-hundred day moving average of $283.79. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 0.78 and a beta of 1.06. The Boston Beer Company, Inc. has a twelve month low of $223.07 and a twelve month 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.