Wealth Enhancement Advisory Services LLC Acquires 74 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Wealth Enhancement Advisory Services LLC increased its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,788 shares of the company’s stock after purchasing an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Boston Beer worth $1,674,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Boston Beer by 7.8% in the third quarter. State Street Corp now owns 292,643 shares of the company’s stock worth $84,615,000 after buying an additional 21,276 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Boston Beer by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after acquiring an additional 26,538 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Boston Beer by 80.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock worth $35,000,000 after acquiring an additional 51,003 shares during the last quarter. Armistice Capital LLC lifted its position in Boston Beer by 1.1% during the 2nd quarter. Armistice Capital LLC now owns 97,292 shares of the company’s stock worth $29,679,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Boston Beer by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 48,300 shares of the company’s stock valued at $14,734,000 after acquiring an additional 3,700 shares during the period. 81.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SAM has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Citigroup cut their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday. Roth Mkm restated a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group lowered shares of Boston Beer from a “buy” rating to a “hold” rating and dropped their target price for the stock from $355.00 to $325.00 in a research 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $312.55.

Boston Beer Price Performance

Shares of SAM stock opened at $256.26 on Thursday. The Boston Beer Company, Inc. has a one year low of $253.13 and a one year high of $371.65. The stock has a fifty day moving average price of $304.24 and a 200 day moving average price of $289.68. The stock has a market cap of $2.94 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08.

About Boston Beer

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.