Boston Beer Company Inc (NYSE:SAM) VP David L. Grinnell Sells 500 Shares

Boston Beer Company Inc (NYSE:SAM) VP David L. Grinnell sold 500 shares of Boston Beer stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $357.50, for a total value of $178,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

David L. Grinnell also recently made the following trade(s):

  • On Friday, May 10th, David L. Grinnell sold 500 shares of Boston Beer stock. The stock was sold at an average price of $342.50, for a total value of $171,250.00.

Shares of NYSE:SAM traded down $1.03 during mid-day trading on Thursday, hitting $389.44. The stock had a trading volume of 95,360 shares, compared to its average volume of 151,530. The stock has a market capitalization of $4.57 billion, a P/E ratio of 52.13, a PEG ratio of 4.55 and a beta of 0.69. Boston Beer Company Inc has a 12-month low of $230.93 and a 12-month high of $401.05. The firm’s 50 day simple moving average is $353.41.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.98. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $232.19 million. Boston Beer had a net margin of 9.94% and a return on equity of 23.00%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Equities research analysts expect that Boston Beer Company Inc will post 8.59 EPS for the current fiscal year.

A number of research firms have weighed in on SAM. ValuEngine lowered Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Macquarie boosted their price objective on Boston Beer from $325.00 to $365.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Guggenheim upped their price target on Boston Beer from $372.00 to $421.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Goldman Sachs Group initiated coverage on Colfax in a research note on Friday, April 5th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Boston Beer currently has an average rating of “Hold” and an average price target of $305.52.

Several institutional investors have recently made changes to their positions in the stock. Buffington Mohr McNeal acquired a new stake in shares of Boston Beer in the 1st quarter valued at about $29,000. Quadrant Capital Group LLC acquired a new position in shares of Boston Beer in the first quarter valued at $51,000. Osborn Williams & Donohoe LLC acquired a new position in shares of Boston Beer in the first quarter valued at about $53,000. Marshall Wace North America L.P. acquired a new stake in Boston Beer during the first quarter worth about $59,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of Boston Beer by 119.0% in the second quarter. NEXT Financial Group Inc now owns 184 shares of the company’s stock worth $70,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 73.77% of the company’s stock.

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, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Insider Buying and Selling by Quarter for Boston Beer (NYSE:SAM)

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