Stifel Financial Corp Has $428,000 Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Stifel Financial Corp increased its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 15.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,480 shares of the company’s stock after purchasing an additional 199 shares during the period. Stifel Financial Corp’s holdings in Boston Beer were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of Boston Beer by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock worth $40,720,000 after acquiring an additional 9,997 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Boston Beer by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,260 shares of the company’s stock worth $689,000 after purchasing an additional 200 shares during the period. Maryland State Retirement & Pension System bought a new stake in Boston Beer during the second quarter worth approximately $207,000. Semus Wealth Partners LLC grew its holdings in Boston Beer by 24.1% during the second quarter. Semus Wealth Partners LLC now owns 1,031 shares of the company’s stock valued at $315,000 after purchasing an additional 200 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new position in shares of Boston Beer in the second quarter valued at approximately $16,014,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Trading Down 0.4 %

SAM opened at $301.11 on Friday. The stock’s 50 day simple moving average is $308.01 and its 200-day simple moving average is $290.82. The stock has a market cap of $3.46 billion, a PE ratio of 44.28, a P/E/G ratio of 1.21 and a beta of 1.07. The Boston Beer Company, Inc. has a 1 year low of $254.40 and a 1 year high of $371.65.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAM shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Piper Sandler upped their price target on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $355.00 to $325.00 in a research note on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and set a $318.00 target price on shares of Boston Beer in a research note on Friday, October 25th. Finally, UBS Group raised their target price on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.