Entropy Technologies LP Takes Position in The Boston Beer Company, Inc. (NYSE:SAM)

Entropy Technologies LP purchased a new stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,226 shares of the company’s stock, valued at approximately $368,000.

A number of other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Boston Beer in the 2nd quarter valued at approximately $213,000. CWM LLC increased its stake in Boston Beer by 726.0% in the 3rd quarter. CWM LLC now owns 5,146 shares of the company’s stock valued at $1,488,000 after buying an additional 4,523 shares during the period. Exchange Traded Concepts LLC increased its stake in Boston Beer by 15.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,565 shares of the company’s stock valued at $742,000 after buying an additional 350 shares during the period. Creative Planning increased its stake in Boston Beer by 6.5% in the 3rd quarter. Creative Planning now owns 2,540 shares of the company’s stock valued at $734,000 after buying an additional 155 shares during the period. Finally, QV Investors Inc. increased its stake in shares of Boston Beer by 0.4% during the 3rd quarter. QV Investors Inc. now owns 20,650 shares of the company’s stock worth $5,971,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup dropped their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Finally, Roth Mkm reissued a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $302.90.

Boston Beer Trading Down 2.4 %

SAM opened at $227.47 on Thursday. The stock has a market capitalization of $2.61 billion, a PE ratio of 33.45, a PEG ratio of 0.78 and a beta of 1.06. The Boston Beer Company, Inc. has a 1-year low of $223.07 and a 1-year high of $371.65. The firm has a 50-day moving average price of $276.37 and a two-hundred day moving average price of $283.79.

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.