BCGM Wealth Management LLC increased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM – Free Report) by 167.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,491 shares of the company’s stock after acquiring an additional 5,936 shares during the period. BCGM Wealth Management LLC owned approximately 0.09% of Boston Beer worth $2,007,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Quent Capital LLC purchased a new position in Boston Beer during the third quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Boston Beer by 137.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 92 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock valued at $40,000 after buying an additional 85 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Boston Beer by 606.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Boston Beer in the 2nd quarter worth $50,000. Institutional investors and hedge funds own 81.13% of the company’s stock.
Boston Beer Price Performance
SAM stock opened at $226.49 on Monday. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $260.00. The firm has a market capitalization of $2.41 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. The business has a 50 day simple moving average of $218.06 and a 200-day simple moving average of $213.95.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Citigroup raised their price target on shares of Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Weiss Ratings cut Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $245.00 target price on shares of Boston Beer in a report on Friday, February 20th. Finally, Zacks Research lowered Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Ten research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Boston Beer currently has a consensus rating of “Reduce” and an average price target of $233.31.
View Our Latest Analysis on SAM
Boston Beer Profile
The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.
Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.
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