Wealth Enhancement Advisory Services LLC Increases Stock Holdings in The Boston Beer Company, Inc. $SAM

Wealth Enhancement Advisory Services LLC raised its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 445.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,036 shares of the company’s stock after purchasing an additional 9,014 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.10% of Boston Beer worth $2,444,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SAM. Quent Capital LLC purchased a new stake in Boston Beer in the third quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Boston Beer by 137.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Boston Beer by 81.7% in the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock valued at $40,000 after purchasing an additional 85 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Boston Beer by 606.1% during the second quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Boston Beer in the second quarter worth $50,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

SAM stock opened at $209.52 on Friday. The stock’s fifty day moving average price is $202.62 and its 200-day moving average price is $210.12. The company has a market cap of $2.23 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $260.00.

Insider Transactions at Boston Beer

In other Boston Beer news, Director Michael Spillane sold 3,120 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $205.78, for a total transaction of $642,033.60. Following the sale, the director owned 10,877 shares in the company, valued at approximately $2,238,269.06. This trade represents a 22.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SAM. Piper Sandler dropped their target price on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. UBS Group dropped their price objective on shares of Boston Beer from $246.00 to $234.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Citigroup cut their price objective on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boston Beer in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Boston Beer currently has an average rating of “Reduce” and a consensus price target of $247.28.

Boston Beer Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.