Capital Performance Advisors LLP Grows Position in The Boston Beer Company, Inc. (NYSE:SAM)

Capital Performance Advisors LLP grew its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 57.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 753 shares of the company’s stock after buying an additional 275 shares during the quarter. Capital Performance Advisors LLP’s holdings in Boston Beer were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SAM. Legato Capital Management LLC bought a new position in shares of Boston Beer during the fourth quarter valued at approximately $1,966,000. Savant Capital LLC raised its holdings in shares of Boston Beer by 1.3% during the fourth quarter. Savant Capital LLC now owns 7,926 shares of the company’s stock valued at $2,378,000 after acquiring an additional 100 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Boston Beer during the fourth quarter valued at approximately $368,000. Empowered Funds LLC bought a new position in shares of Boston Beer during the fourth quarter valued at approximately $333,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Boston Beer during the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of NYSE:SAM opened at $231.80 on Monday. The Boston Beer Company, Inc. has a 1-year low of $223.07 and a 1-year high of $371.65. The business has a fifty day moving average price of $273.05 and a 200-day moving average price of $283.12. The company has a market capitalization of $2.66 billion, a PE ratio of 34.09, a PEG ratio of 0.78 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAM. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and decreased their target price for the company from $355.00 to $325.00 in a report on Friday, October 25th. Needham & Company LLC initiated coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. Piper Sandler downgraded Boston Beer from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd. Roth Mkm reiterated a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $302.90.

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.