Schechter Investment Advisors LLC Grows Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Schechter Investment Advisors LLC lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,960 shares of the company’s stock after buying an additional 159 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Boston Beer were worth $1,488,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wernau Asset Management Inc. acquired a new position in Boston Beer in the 4th quarter valued at $750,000. Jones Financial Companies Lllp increased its stake in Boston Beer by 18.6% in the fourth quarter. Jones Financial Companies Lllp now owns 573 shares of the company’s stock valued at $172,000 after purchasing an additional 90 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Boston Beer by 171.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the company’s stock worth $89,000 after buying an additional 187 shares during the period. US Bancorp DE lifted its position in Boston Beer by 67.9% during the fourth quarter. US Bancorp DE now owns 272 shares of the company’s stock worth $82,000 after buying an additional 110 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Boston Beer by 27.1% in the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock worth $48,122,000 after buying an additional 34,176 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Trading Up 1.7 %

SAM opened at $247.99 on Tuesday. The Boston Beer Company, Inc. has a twelve month low of $222.27 and a twelve month high of $339.77. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.23 and a beta of 1.06. The company has a fifty day simple moving average of $256.39 and a 200 day simple moving average of $280.24.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Needham & Company LLC began coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating for the company. Citigroup cut their target price on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com raised Boston Beer from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $293.40.

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.