Boston Beer Company Inc (NYSE:SAM) VP Sells $195,000.00 in Stock

Boston Beer Company Inc (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $195.00, for a total transaction of $195,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, December 13th, David L. Grinnell sold 1,000 shares of Boston Beer stock. The stock was sold at an average price of $186.75, for a total transaction of $186,750.00.

Boston Beer Company Inc (NYSE SAM) opened at $190.50 on Friday. The stock has a market cap of $2,265.56, a price-to-earnings ratio of 25.99, a P/E/G ratio of 5.50 and a beta of 0.58. Boston Beer Company Inc has a 12 month low of $128.70 and a 12 month high of $197.05.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.79. The company had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. research analysts expect that Boston Beer Company Inc will post 6.22 EPS for the current year.

Several research firms recently commented on SAM. Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective for the company in a research note on Thursday. Berenberg Bank reiterated a “sell” rating and set a $124.00 price objective on shares of Boston Beer in a research note on Monday, September 18th. UBS Group downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Jefferies Group reissued a “hold” rating and set a $175.00 target price on shares of Boston Beer in a research report on Thursday, January 4th. Finally, Susquehanna Bancshares downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $158.55.

A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC raised its position in Boston Beer by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after acquiring an additional 8 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Boston Beer by 2.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock valued at $306,000 after buying an additional 60 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Boston Beer by 0.3% in the second quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock valued at $2,750,000 after buying an additional 67 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Boston Beer by 5.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after buying an additional 76 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Boston Beer by 5.7% in the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock valued at $246,000 after buying an additional 100 shares during the last quarter. Institutional investors own 75.83% of the company’s stock.

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Boston Beer Company Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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

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