The Boston Beer Company, Inc. (NYSE:SAM) Position Increased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,960 shares of the company’s stock after buying an additional 159 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Boston Beer were worth $1,488,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SAM. Blue Trust Inc. grew its position in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after acquiring an additional 73 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after purchasing an additional 62 shares during the period. Covestor Ltd grew its position in Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the period. Finally, True Wealth Design LLC bought a new stake in shares of Boston Beer during the third quarter valued at approximately $47,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Stock Up 1.7 %

NYSE:SAM opened at $247.99 on Tuesday. The stock has a fifty day simple moving average of $256.39 and a 200 day simple moving average of $280.24. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The Boston Beer Company, Inc. has a 1-year low of $222.27 and a 1-year high of $339.77.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SAM shares. Roth Mkm reissued a “buy” rating and issued a $349.00 price objective (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. StockNews.com raised Boston Beer from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Needham & Company LLC started coverage on shares of Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. Morgan Stanley decreased 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 research report on Wednesday, February 26th. Finally, 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 report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $293.40.

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.