Empowered Funds LLC Invests $333,000 in The Boston Beer Company, Inc. (NYSE:SAM)

Empowered Funds LLC bought a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,109 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAM. Lecap Asset Management Ltd. purchased a new position in shares of Boston Beer during the 4th quarter valued at about $207,000. Choreo LLC acquired a new stake in Boston Beer during the fourth quarter worth about $224,000. SYM FINANCIAL Corp purchased a new position in Boston Beer during the fourth quarter valued at approximately $217,000. KBC Group NV lifted its holdings in Boston Beer by 38.9% in the fourth quarter. KBC Group NV now owns 418 shares of the company’s stock valued at $125,000 after acquiring an additional 117 shares during the period. Finally, Blue Trust Inc. boosted its position in Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Trading Down 0.4 %

Shares of Boston Beer stock opened at $225.02 on Friday. The Boston Beer Company, Inc. has a twelve month low of $222.27 and a twelve month high of $371.65. The firm has a market capitalization of $2.58 billion, a PE ratio of 33.09, a P/E/G ratio of 1.24 and a beta of 1.06. The firm’s 50-day moving average price is $265.76 and its 200 day moving average price is $281.64.

Analysts Set New Price Targets

SAM has been the subject of several recent research reports. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. UBS Group decreased their price objective on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group cut Boston Beer from a “buy” rating to a “hold” rating and dropped their target price for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Citigroup reduced their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Boston Beer currently has an average rating of “Hold” and a consensus target price of $302.90.

Boston Beer Company 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.