The Boston Beer Company, Inc. (NYSE:SAM) Stake Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 171.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296 shares of the company’s stock after purchasing an additional 187 shares during the period. SRS Capital Advisors Inc.’s holdings in Boston Beer were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SAM. US Bancorp DE grew its holdings in Boston Beer by 67.9% during the fourth quarter. US Bancorp DE now owns 272 shares of the company’s stock worth $82,000 after acquiring an additional 110 shares during the period. Fisher Asset Management LLC boosted its position in shares of Boston Beer by 27.1% during the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock valued at $48,122,000 after purchasing an additional 34,176 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Boston Beer by 34.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 4,987 shares of the company’s stock worth $1,496,000 after purchasing an additional 1,281 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Boston Beer by 42.1% in the 4th 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. Finally, Camelot Portfolios LLC acquired a new stake in Boston Beer during the fourth quarter valued at approximately $288,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SAM shares. Citigroup reduced their price objective on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Piper Sandler dropped their price target on Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Roth Mkm restated a “buy” rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Morgan Stanley decreased 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. Finally, StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $293.40.

Boston Beer Stock Down 2.0 %

SAM stock opened at $233.02 on Friday. The company has a 50 day moving average of $253.91 and a two-hundred day moving average of $279.64. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.23 and a beta of 1.06. The Boston Beer Company, Inc. has a 12-month low of $222.27 and a 12-month high of $339.77.

Boston Beer Company 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.