The Boston Beer Company, Inc. (NYSE:SAM) Insider Sells $17,318.70 in Stock

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 63 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $274.90, for a total transaction of $17,318.70. Following the completion of the transaction, the insider now owns 6,903 shares in the company, valued at $1,897,634.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boston Beer Stock Up 1.0 %

SAM stock opened at $284.35 on Friday. The stock has a 50-day simple moving average of $280.47 and a two-hundred day simple moving average of $289.35. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $395.52. The firm has a market capitalization of $3.40 billion, a PE ratio of 35.68, a PEG ratio of 1.11 and a beta of 1.05.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The firm had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. Boston Beer’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.72 earnings per share. On average, equities research analysts anticipate that The Boston Beer Company, Inc. will post 9.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Boston Beer by 17.6% during the fourth quarter. CWM LLC now owns 227 shares of the company’s stock worth $78,000 after purchasing an additional 34 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Boston Beer by 291.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $2,620,000 after buying an additional 5,645 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Boston Beer by 8.3% in the 4th quarter. Gilbert & Cook Inc. now owns 1,204 shares of the company’s stock worth $416,000 after buying an additional 92 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Boston Beer by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 8,166 shares of the company’s stock valued at $2,822,000 after buying an additional 827 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Boston Beer by 28.7% during the 4th quarter. Private Advisor Group LLC now owns 781 shares of the company’s stock worth $270,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SAM shares. Royal Bank of Canada lowered their price target on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Jefferies Financial Group upgraded Boston Beer from a “hold” rating to a “buy” rating and increased their price target for the stock from $335.00 to $360.00 in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Finally, Roth Mkm dropped their price objective on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $326.92.

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.