Venturi Wealth Management LLC Increases Stock Position in The Boston Beer Company, Inc. (NYSE:SAM)

Venturi Wealth Management LLC raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 66.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 836 shares of the company’s stock after buying an additional 335 shares during the quarter. Venturi Wealth Management LLC’s holdings in Boston Beer were worth $251,000 at the end of the most recent quarter.

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

Boston Beer Stock Up 0.8 %

Boston Beer stock opened at $226.95 on Friday. The business has a 50-day simple moving average of $263.99 and a two-hundred day simple moving average of $281.35. The company has a market cap of $2.61 billion, a P/E ratio of 33.38, a P/E/G ratio of 1.23 and a beta of 1.06. The Boston Beer Company, Inc. has a 52-week low of $222.27 and a 52-week high of $371.65.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SAM shares. Piper Sandler downgraded Boston Beer from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $370.00 to $275.00 in a report on Thursday, January 23rd. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Needham & Company LLC began coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, UBS Group reduced their price objective on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $302.90.

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.