Choreo LLC Buys Shares of 752 The Boston Beer Company, Inc. (NYSE:SAM)

Choreo LLC bought a new stake in The Boston Beer Company, Inc. (NYSE:SAM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 752 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors also recently added to or reduced their stakes in SAM. Blue Trust Inc. lifted its holdings in shares of Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. First Horizon Advisors Inc. increased its position in Boston Beer by 105.1% in 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 period. Covestor Ltd grew its stake in shares of Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after purchasing an additional 34 shares during the last quarter. GAMMA Investing LLC raised its position in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after buying an additional 48 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Boston Beer in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Down 0.5 %

Shares of Boston Beer stock opened at $231.80 on Friday. The Boston Beer Company, Inc. has a 12 month low of $223.07 and a 12 month high of $371.65. The business has a fifty day simple moving average of $273.05 and a 200-day simple moving average of $283.10. The stock has a market cap of $2.66 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a report on Friday, October 25th. UBS Group lowered their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Needham & Company LLC assumed coverage on Boston Beer in a research note on Friday, December 6th. They set a “hold” rating on the stock. Citigroup decreased 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. Finally, Piper Sandler downgraded shares of Boston Beer from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $370.00 to $275.00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer has a consensus rating of “Hold” and an average price target of $302.90.

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.