854 Shares in The Boston Beer Company, Inc. (NYSE:SAM) Purchased by Kera Capital Partners Inc.

Kera Capital Partners Inc. purchased a new stake in The Boston Beer Company, Inc. (NYSE:SAM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 854 shares of the company’s stock, valued at approximately $256,000.

Other large investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new position in shares of Boston Beer in the 4th quarter worth approximately $434,000. Wealth Enhancement Advisory Services LLC boosted 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 worth $1,674,000 after purchasing an additional 74 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 48 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Boston Beer by 37.5% in the fourth quarter. Versant Capital Management Inc now owns 348 shares of the company’s stock valued at $104,000 after buying an additional 95 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Boston Beer by 10.1% in the third quarter. Franklin Resources Inc. now owns 15,389 shares of the company’s stock valued at $4,239,000 after buying an additional 1,406 shares during the last quarter. 81.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC assumed coverage on shares of Boston Beer in a research report on Friday, December 6th. They issued a “hold” rating for the company. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and decreased their price objective for the company from $355.00 to $325.00 in a research report on Friday, October 25th. UBS Group dropped their target price on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Piper Sandler raised their price target on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $308.40.

Boston Beer Price Performance

Shares of NYSE:SAM opened at $251.90 on Friday. The company has a market capitalization 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 firm’s 50 day simple moving average is $301.14 and its 200 day simple moving average is $288.76. The Boston Beer Company, Inc. has a fifty-two week low of $249.21 and a fifty-two week high of $371.65.

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.