Jones Financial Companies Lllp Acquires 90 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Jones Financial Companies Lllp lifted its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 573 shares of the company’s stock after purchasing an additional 90 shares during the period. Jones Financial Companies Lllp’s holdings in Boston Beer were worth $172,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Covestor Ltd increased its stake in shares of Boston Beer by 36.6% in the third 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 increased 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 acquiring an additional 48 shares during the period. First Horizon Advisors Inc. increased its stake in Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock valued at $52,000 after acquiring an additional 51 shares during the period. Exchange Traded Concepts LLC increased 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 acquiring an additional 65 shares during the period. Finally, Great Valley Advisor Group Inc. increased 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 acquiring an additional 68 shares during the period. 81.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SAM has been the topic of several research reports. Roth Mkm restated a “buy” rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Piper Sandler decreased their price objective on Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Citigroup decreased their price objective on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC started coverage on Boston Beer in a report on Friday, December 6th. They set a “hold” rating on the stock. Finally, UBS Group decreased their price objective on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $293.40.

Boston Beer Price Performance

SAM stock opened at $228.71 on Friday. The company has a 50 day moving average price of $244.58 and a 200 day moving average price of $277.33. The Boston Beer Company, Inc. has a fifty-two week low of $222.27 and a fifty-two week high of $339.77. The stock has a market capitalization of $2.57 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

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.