Pine Haven Investment Counsel Inc Sells 103 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Pine Haven Investment Counsel Inc cut its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,191 shares of the company’s stock after selling 103 shares during the period. Pine Haven Investment Counsel Inc’s holdings in Boston Beer were worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC raised its position in shares of Boston Beer by 12.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,273 shares of the company’s stock worth $382,000 after purchasing an additional 136 shares during the period. Kera Capital Partners Inc. acquired a new stake in Boston Beer during the 4th quarter worth approximately $256,000. Merit Financial Group LLC acquired a new stake in Boston Beer during the 4th quarter worth approximately $434,000. Wealth Enhancement Advisory Services LLC lifted its stake in Boston Beer by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,788 shares of the company’s stock valued at $1,674,000 after buying an additional 74 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 buying an additional 48 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a research report on Wednesday, October 23rd. UBS Group dropped their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday. Needham & Company LLC began coverage on Boston Beer in a research report on Friday, December 6th. They set a “hold” rating for the company. Citigroup dropped their target price on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Piper Sandler boosted their target price on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $308.40.

Boston Beer Stock Down 0.3 %

SAM stock opened at $251.90 on Monday. The Boston Beer Company, Inc. has a twelve month low of $249.21 and a twelve month high of $371.65. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 0.81 and a beta of 1.08. The business has a 50 day moving average price of $301.14 and a two-hundred day moving average price of $288.70.

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.