Merit Financial Group LLC Invests $434,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Merit Financial Group LLC bought a new stake in The Boston Beer Company, Inc. (NYSE:SAM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,448 shares of the company’s stock, valued at approximately $434,000.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Boston Beer by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company’s stock worth $1,674,000 after purchasing an additional 74 shares during the last quarter. GAMMA Investing LLC boosted its position in Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after acquiring an additional 48 shares during the last quarter. Versant Capital Management Inc grew its stake in Boston Beer by 37.5% in the 4th quarter. Versant Capital Management Inc now owns 348 shares of the company’s stock worth $104,000 after acquiring an additional 95 shares during the period. Franklin Resources Inc. grew its stake in Boston Beer by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,389 shares of the company’s stock worth $4,239,000 after acquiring an additional 1,406 shares during the period. Finally, Tidal Investments LLC acquired a new position in Boston Beer in the 3rd quarter valued at $299,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. UBS Group lowered their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Needham & Company LLC initiated coverage on shares of Boston Beer in a report on Friday, December 6th. They set a “hold” rating on the stock. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Citigroup dropped their price target 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. 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, the stock presently has a consensus rating of “Hold” and an average target price of $302.90.

Boston Beer Stock Down 2.5 %

Shares of SAM stock opened at $243.96 on Friday. The Boston Beer Company, Inc. has a fifty-two week low of $243.20 and a fifty-two week high of $371.65. The firm’s 50 day moving average price is $295.61 and its two-hundred day moving average price is $287.53. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

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.