Jones Financial Companies Lllp Purchases 90 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Jones Financial Companies Lllp lifted its position in The Boston Beer Company, Inc. (NYSE:SAM) by 18.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 573 shares of the company’s stock after buying an additional 90 shares during the period. Jones Financial Companies Lllp’s holdings in Boston Beer were worth $172,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the period. First Horizon Advisors Inc. boosted its stake in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares during the period. Covestor Ltd boosted its stake 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 period. GAMMA Investing LLC boosted its stake in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after purchasing an additional 48 shares during the period. Finally, True Wealth Design LLC acquired a new position in shares of Boston Beer during the 3rd quarter worth about $47,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Performance

Boston Beer stock opened at $228.71 on Friday. The Boston Beer Company, Inc. has a 52 week low of $222.27 and a 52 week high of $339.77. The stock has a market capitalization of $2.57 billion, a P/E ratio of 33.63, a PEG ratio of 1.23 and a beta of 1.14. The stock has a 50-day simple moving average of $244.58 and a 200 day simple moving average of $277.33.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler decreased their price objective on Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC assumed coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. Citigroup decreased their price objective on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. UBS Group decreased 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. Finally, StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. One equities research 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’s stock. According to data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and an average target price of $293.40.

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.