Savant Capital LLC Takes Position in The Boston Beer Company, Inc. $SAM

Savant Capital LLC purchased a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,600 shares of the company’s stock, valued at approximately $2,030,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in Boston Beer by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock valued at $1,605,000 after acquiring an additional 57 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Boston Beer by 2.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,115 shares of the company’s stock worth $404,000 after acquiring an additional 58 shares during the period. Great Valley Advisor Group Inc. grew its position in shares of Boston Beer by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock valued at $227,000 after purchasing an additional 60 shares in the last quarter. GAMMA Investing LLC raised its stake 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 purchasing an additional 85 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its holdings in Boston Beer by 10.1% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 1,004 shares of the company’s stock worth $212,000 after purchasing an additional 92 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup reduced their target price on Boston Beer from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. UBS Group reduced their price objective on shares of Boston Beer from $246.00 to $234.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Piper Sandler lowered their target price on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Weiss Ratings upgraded shares of Boston Beer from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $247.28.

Boston Beer Price Performance

Shares of Boston Beer stock opened at $246.87 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 cap of $2.63 billion, a PE ratio of 29.11, a PEG ratio of 1.80 and a beta of 1.03. The company has a 50 day simple moving average of $206.75 and a two-hundred day simple moving average of $211.70.

About Boston Beer

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.