Claro Advisors LLC Lowers Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Claro Advisors LLC trimmed its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 19.7% during the 4th quarter, Holdings Channel reports. The fund owned 745 shares of the company’s stock after selling 183 shares during the quarter. Claro Advisors LLC’s holdings in Boston Beer were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Covestor Ltd grew its stake in shares of Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after purchasing an additional 34 shares during the period. GAMMA Investing LLC lifted its stake in shares of Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the period. First Horizon Advisors Inc. boosted its holdings in Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after buying an additional 62 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Boston Beer by 8.5% during the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after buying an additional 68 shares during the period. Finally, National Bank of Canada FI increased its holdings in Boston Beer by 10.0% in the third quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after buying an additional 72 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SAM has been the topic of several recent analyst reports. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group increased their price target on Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. Jefferies Financial Group cut Boston Beer from a “buy” rating to a “hold” rating and cut their price objective for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Needham & Company LLC began coverage on Boston Beer in a research report on Friday, December 6th. They set a “hold” rating on the stock. Finally, Piper Sandler boosted their price target on shares of Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $312.55.

Boston Beer Stock Down 1.0 %

Shares of Boston Beer stock opened at $256.26 on Thursday. The business’s fifty day simple moving average is $304.24 and its 200-day simple moving average is $289.68. The firm has a market cap of $2.94 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The Boston Beer Company, Inc. has a 52 week low of $253.13 and a 52 week high of $371.65.

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.