The Boston Beer Company, Inc. (NYSE:SAM) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 867 shares of the company’s stock after purchasing an additional 68 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Boston Beer were worth $251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. acquired a new stake in Boston Beer during the 3rd quarter worth $317,000. First Horizon Advisors Inc. boosted its position in shares of Boston Beer by 105.1% during the 3rd 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 last quarter. Quest Partners LLC acquired a new position in shares of Boston Beer during the 3rd quarter valued at about $339,000. Claro Advisors LLC acquired a new position in shares of Boston Beer during the 3rd quarter valued at about $268,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Boston Beer during the 3rd quarter valued at about $1,209,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of NYSE:SAM opened at $313.68 on Thursday. The firm has a market capitalization of $3.60 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The firm’s 50-day moving average is $293.82 and its two-hundred day moving average is $286.10. The Boston Beer Company, Inc. has a 1 year low of $254.40 and a 1 year high of $371.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAM. Piper Sandler boosted their price target on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Roth Mkm reissued a “buy” rating and set a $389.00 price target on shares of Boston Beer in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $318.00 price objective on shares of Boston Beer in a report on Friday, October 25th. Finally, UBS Group boosted their price objective on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $314.82.

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.