2 weeks Ago By ABMN Staff
Bank of Montreal Can grew its position in The Boston Beer Company, Inc. ( NYSE:SAM – Free Report ) by 7.3% in the 4th quarter, HoldingsChannel.
com reports. The institutional investor owned 1,001 shares of the company’s stock after purchasing an additional 68 shares during the period. Bank of Montreal Can’s holdings in Boston Beer were worth $300,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Boston Beer by 59.3% in the fourth quarter.
GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after acquiring an additional 48 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Boston Beer by 42.
1% in the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock valued at $52,000 after purchasing an additional 51 shares during the last quarter.
Exchange Traded Concepts LLC grew its holdings in shares of Boston Beer by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock worth $789,000 after purchasing an additional 65 shares during the period.
Blue Trust Inc. increased its position in shares of Boston Beer by 405.6% during the 4th quarter.
Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Boston Beer by 1.
3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company’s stock valued at $1,674,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 81.
13% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have issued reports on SAM shares. Berenberg Bank assumed coverage on shares of Boston Beer in a research note on Wednesday, April 2nd.
They set a “hold” rating and a $281.10 price target on the stock. Morgan Stanley dropped their price objective on shares of Boston Beer from $290.
00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. StockNews.
com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Citigroup upped their target price on shares of Boston Beer from $280.00 to $285.
00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Finally, Roth Mkm reissued a “buy” rating and set a $349.00 price objective (down from $389.
00) on shares of Boston Beer in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.
com, Boston Beer has a consensus rating of “Hold” and a consensus target price of $290.01. Boston Beer Stock Up 1.
2 % Shares of NYSE:SAM opened at $244.98 on Thursday. The firm has a fifty day moving average of $236.
09 and a two-hundred day moving average of $269.22. The Boston Beer Company, Inc.
has a 12-month low of $215.10 and a 12-month high of $339.77.
The firm has a market capitalization of $2.75 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 1.
23 and a beta of 1.26. Boston Beer Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding SAM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Boston Beer Company, Inc. ( NYSE:SAM – Free Report ). Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.
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