Claro Advisors LLC Takes Position in The Boston Beer Company, Inc. (NYSE:SAM)

Claro Advisors LLC acquired a new position in The Boston Beer Company, Inc. (NYSE:SAM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 928 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAM. LRI Investments LLC acquired a new position in Boston Beer in the first quarter worth approximately $28,000. Natixis acquired a new stake in shares of Boston Beer during the first quarter worth $3,044,000. Gamco Investors INC. ET AL lifted its holdings in shares of Boston Beer by 16.9% during the first quarter. Gamco Investors INC. ET AL now owns 13,333 shares of the company’s stock valued at $4,059,000 after purchasing an additional 1,925 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Boston Beer in the 2nd quarter valued at $982,000. Finally, Epoch Investment Partners Inc. increased its stake in Boston Beer by 219.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 13,431 shares of the company’s stock worth $4,089,000 after purchasing an additional 9,233 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group cut shares of Boston Beer from a “buy” rating to a “hold” rating and decreased their target price for the stock from $355.00 to $325.00 in a report on Friday, October 25th. UBS Group raised their price objective on shares of Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a research report on Friday, October 25th. Finally, Piper Sandler lifted their price target on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Boston Beer currently has an average rating of “Hold” and a consensus price target of $314.82.

Boston Beer Trading Up 0.4 %

SAM opened at $311.80 on Wednesday. The Boston Beer Company, Inc. has a 1 year low of $254.40 and a 1 year high of $371.65. The stock has a fifty day moving average price of $289.73 and a 200 day moving average price of $284.98. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.22 and a beta of 1.06.

About Boston Beer

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.