Sigma Planning Corp Invests $215,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Sigma Planning Corp purchased a new position in The Boston Beer Company, Inc. (NYSE:SAMFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 552 shares of the company’s stock, valued at approximately $215,000.

Other large investors also recently modified their holdings of the company. Southeastern Asset Management Inc. TN bought a new stake in Boston Beer during the first quarter valued at about $35,680,000. Loomis Sayles & Co. L P purchased a new position in shares of Boston Beer in the first quarter valued at about $38,859,000. Millennium Management LLC purchased a new position in shares of Boston Beer in the second quarter valued at about $18,690,000. Wellington Management Group LLP lifted its position in shares of Boston Beer by 119.6% in the first quarter. Wellington Management Group LLP now owns 92,524 shares of the company’s stock valued at $35,943,000 after acquiring an additional 50,384 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Boston Beer by 3,954.5% in the first quarter. Federated Hermes Inc. now owns 51,168 shares of the company’s stock valued at $19,877,000 after acquiring an additional 49,906 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.

Insiders Place Their Bets

In other Boston Beer news, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $354.90, for a total transaction of $36,199.80. Following the transaction, the insider now directly owns 2,834 shares in the company, valued at approximately $1,005,786.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 408 shares of company stock worth $141,210 in the last ninety days. 23.50% of the stock is owned by company insiders.

Analyst Ratings Changes

SAM has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on Boston Beer in a research report on Monday, November 13th. They issued a “hold” rating and a $375.00 price objective on the stock. Citigroup boosted their price objective on Boston Beer from $350.00 to $370.00 and gave the company a “neutral” rating in a research report on Wednesday, October 11th. Wedbush boosted their price objective on Boston Beer from $370.00 to $378.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Sanford C. Bernstein upgraded Boston Beer from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $280.00 to $335.00 in a research report on Tuesday, January 16th. Finally, Morgan Stanley boosted their target price on Boston Beer from $270.00 to $285.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $350.31.

View Our Latest Report on SAM

Boston Beer Stock Performance

Shares of SAM stock opened at $353.17 on Wednesday. The stock has a 50 day moving average price of $350.54 and a 200 day moving average price of $355.18. The firm has a market capitalization of $4.31 billion, a P/E ratio of 52.24, a P/E/G ratio of 1.06 and a beta of 1.09. The Boston Beer Company, Inc. has a 52-week low of $296.27 and a 52-week high of $396.20.

Boston Beer Company Profile

(Free Report)

The Boston Beer Company, Inc engages in the production and sale of 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 Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Havana Lager brand names.

See Also

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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