2,145 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Bought by Essential Planning LLC.

Essential Planning LLC. acquired a new stake in The Boston Beer Company, Inc. (NYSE:SAM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,145 shares of the company’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Boston Beer by 2,225.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after purchasing an additional 89 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Boston Beer by 13.5% in the fourth quarter. HighTower Advisors LLC now owns 1,033 shares of the company’s stock valued at $310,000 after purchasing an additional 123 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Boston Beer in the fourth quarter valued at $6,528,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Boston Beer by 11.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,517 shares of the company’s stock valued at $755,000 after purchasing an additional 257 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Boston Beer by 66.7% in the fourth quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $586,000 after purchasing an additional 781 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Down 2.9 %

SAM opened at $226.73 on Friday. The Boston Beer Company, Inc. has a twelve month low of $222.27 and a twelve month high of $339.77. The company has a 50-day simple moving average of $247.30 and a 200 day simple moving average of $278.04. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.23 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several research firms have commented on SAM. Citigroup decreased their price objective on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. UBS Group reduced their target price on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Needham & Company LLC initiated coverage on shares of Boston Beer in a research report on Friday, December 6th. They issued a “hold” rating for the company. Finally, Morgan Stanley reduced their target price on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $293.40.

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.