1620 Investment Advisors Inc. Has $273,000 Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

1620 Investment Advisors Inc. boosted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 89.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 909 shares of the company’s stock after acquiring an additional 429 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Boston Beer were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. 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 worth $39,000 after buying an additional 48 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Boston Beer by 42.1% during the fourth quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after buying an additional 51 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Boston Beer by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock valued at $789,000 after purchasing an additional 65 shares during the period. Great Valley Advisor Group Inc. increased its holdings in Boston Beer by 8.5% in the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after purchasing an additional 68 shares during the period. Finally, National Bank of Canada FI increased its holdings in Boston Beer by 10.0% in the third quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Performance

NYSE:SAM opened at $227.58 on Friday. The firm has a 50-day moving average price of $240.10 and a two-hundred day moving average price of $275.95. The Boston Beer Company, Inc. has a 52 week low of $215.10 and a 52 week high of $339.77. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Analyst Upgrades and Downgrades

SAM has been the subject of a number of recent research reports. 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. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Needham & Company LLC started coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. Piper Sandler decreased their price target on Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Morgan Stanley decreased their price target on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $292.40.

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.