The Boston Beer Company, Inc. (NYSE:SAM) Position Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,128 shares of the company’s stock after selling 64 shares during the period. Victory Capital Management Inc.’s holdings in Boston Beer were worth $638,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Boston Beer by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company’s stock valued at $28,305,000 after acquiring an additional 4,675 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Boston Beer by 102.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 588 shares of the company’s stock valued at $176,000 after purchasing an additional 297 shares in the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of Boston Beer by 3.3% during the 4th quarter. Schechter Investment Advisors LLC now owns 4,960 shares of the company’s stock valued at $1,488,000 after purchasing an additional 159 shares in the last quarter. Wernau Asset Management Inc. acquired a new position in Boston Beer in the 4th quarter valued at $750,000. Finally, Jones Financial Companies Lllp grew its stake in Boston Beer by 18.6% in the 4th quarter. Jones Financial Companies Lllp now owns 573 shares of the company’s stock valued at $172,000 after buying an additional 90 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Up 0.1 %

Shares of SAM stock opened at $227.66 on Friday. The firm has a 50 day moving average of $239.53 and a 200-day moving average of $275.64. The Boston Beer Company, Inc. has a 52 week low of $215.10 and a 52 week high of $339.77. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Analyst Upgrades and Downgrades

SAM has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Roth Mkm reissued a “buy” rating and set a $349.00 price target (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Citigroup raised shares of Boston Beer from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $265.00 to $280.00 in a research note on Thursday. Morgan Stanley dropped their price target on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group dropped their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and an average target price of $292.40.

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.