The Boston Beer Company, Inc. (NYSE:SAM) Position Lessened by Semus Wealth Partners LLC

Semus Wealth Partners LLC reduced its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 19.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 831 shares of the company’s stock after selling 200 shares during the period. Semus Wealth Partners LLC’s holdings in Boston Beer were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SAM. Cardinal Capital Management increased its holdings in shares of Boston Beer by 4.8% in the 4th quarter. Cardinal Capital Management now owns 5,991 shares of the company’s stock worth $1,797,000 after acquiring an additional 272 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Boston Beer by 66.9% in the fourth quarter. Venturi Wealth Management LLC now owns 836 shares of the company’s stock valued at $251,000 after purchasing an additional 335 shares during the period. Capital Performance Advisors LLP raised its holdings in shares of Boston Beer by 57.5% during the fourth quarter. Capital Performance Advisors LLP now owns 753 shares of the company’s stock valued at $226,000 after buying an additional 275 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of Boston Beer during the fourth quarter worth approximately $1,966,000. Finally, Savant Capital LLC grew its holdings in Boston Beer by 1.3% in the 4th quarter. Savant Capital LLC now owns 7,926 shares of the company’s stock worth $2,378,000 after buying an additional 100 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $226.07 on Wednesday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.27 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 company has a 50 day moving average price of $269.43 and a 200 day moving average price of $282.43.

Analyst Upgrades and Downgrades

SAM has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $318.00 target price on shares of Boston Beer in a research note on Friday, October 25th. Piper Sandler downgraded shares of Boston Beer from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd. Needham & Company LLC initiated coverage on shares of Boston Beer in a research report on Friday, December 6th. They issued a “hold” rating for the company. Jefferies Financial Group downgraded shares of Boston Beer from a “buy” rating to a “hold” rating and dropped their price target for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Citigroup decreased their price objective on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $302.90.

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.