The Boston Beer Company, Inc. (NYSE:SAM) Holdings Lifted by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172 shares of the company’s stock after buying an additional 51 shares during the quarter. First Horizon Advisors Inc.’s holdings in Boston Beer were worth $52,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Covestor Ltd boosted its stake in Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC boosted its stake in Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after buying an additional 48 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Boston Beer by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock valued at $789,000 after buying an additional 65 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake 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 in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Boston Beer by 10.0% in the 3rd quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after purchasing an additional 72 shares during the period. Institutional investors own 81.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SAM shares. StockNews.com raised Boston Beer from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley dropped their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup dropped their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. UBS Group dropped their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Needham & Company LLC started coverage on Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Boston Beer currently has a consensus rating of “Hold” and an average target price of $293.40.

Boston Beer Trading Up 1.0 %

Shares of NYSE SAM opened at $243.67 on Friday. The Boston Beer Company, Inc. has a one year low of $222.27 and a one year high of $339.77. The firm has a market capitalization of $2.80 billion, a PE ratio of 35.83, a PEG ratio of 1.23 and a beta of 1.06. The business has a 50-day moving average price of $258.51 and a two-hundred day moving average price of $280.52.

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.