Bank of Montreal Can Increases Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Bank of Montreal Can lifted its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,001 shares of the company’s stock after buying an additional 68 shares during the quarter. Bank of Montreal Can’s holdings in Boston Beer were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Polymer Capital Management US LLC bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $214,000. Cerity Partners LLC grew its stake in Boston Beer by 21.7% during the fourth quarter. Cerity Partners LLC now owns 11,574 shares of the company’s stock valued at $3,467,000 after acquiring an additional 2,062 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new stake in Boston Beer in the 4th quarter valued at $4,208,000. Thoroughbred Financial Services LLC bought a new stake in Boston Beer in the 4th quarter valued at $204,000. Finally, National Bank of Canada FI lifted its stake in Boston Beer by 42.9% in the 4th quarter. National Bank of Canada FI now owns 1,133 shares of the company’s stock worth $340,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup lifted their target price on Boston Beer from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, April 14th. Piper Sandler cut their price target on Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Berenberg Bank started coverage on Boston Beer in a report on Wednesday, April 2nd. They set a “hold” rating and a $281.10 price objective on the stock. Morgan Stanley cut 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 report on Wednesday, February 26th. Finally, StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Boston Beer presently has a consensus rating of “Hold” and a consensus price target of $290.01.

Boston Beer Stock Performance

Boston Beer stock opened at $244.98 on Thursday. The company’s fifty day moving average price is $236.09 and its 200 day moving average price is $269.22. The Boston Beer Company, Inc. has a 1 year low of $215.10 and a 1 year high of $339.77. The stock has a market capitalization of $2.75 billion, a P/E ratio of 36.03, a P/E/G ratio of 1.23 and a beta of 1.26.

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.