Versant Capital Management Inc Buys 95 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Versant Capital Management Inc increased its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 37.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 348 shares of the company’s stock after buying an additional 95 shares during the period. Versant Capital Management Inc’s holdings in Boston Beer were worth $104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its position in Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after acquiring an additional 34 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after purchasing an additional 62 shares during the period. Great Valley Advisor Group Inc. grew its holdings in Boston Beer by 8.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after buying an additional 68 shares in the last quarter. National Bank of Canada FI increased its position in Boston Beer by 10.0% during the 3rd quarter. National Bank of Canada FI now owns 793 shares of the company’s stock worth $229,000 after buying an additional 72 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Boston Beer by 0.5% during the second quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company’s stock worth $4,493,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SAM. Needham & Company LLC initiated coverage on shares of Boston Beer in a research report on Friday, December 6th. They set a “hold” rating on the stock. UBS Group raised their target price on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and reduced their price target for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $314.82.

Boston Beer Stock Performance

Boston Beer stock opened at $289.72 on Friday. The stock has a fifty day moving average of $308.00 and a 200-day moving average of $291.15. The stock has a market capitalization of $3.33 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. The Boston Beer Company, Inc. has a 52 week low of $254.40 and a 52 week high of $371.65.

About Boston Beer

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.