Boston Beer Company Inc (NYSE:SAM) Director David A. Burwick sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $190.01, for a total value of $950,050.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Boston Beer Company Inc (NYSE:SAM) traded down $2.15 during trading hours on Friday, hitting $190.50. The company had a trading volume of 134,377 shares, compared to its average volume of 137,708. The stock has a market capitalization of $2,265.56, a P/E 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 earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79. The company had revenue of $247.04 million for the quarter, compared to the consensus estimate of $256.73 million. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 earnings per share. research analysts anticipate that Boston Beer Company Inc will post 6.22 EPS for the current year.
Several large investors have recently bought and sold shares of SAM. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boston Beer by 95.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after buying an additional 411 shares in the last quarter. Victory Capital Management Inc. raised its position in Boston Beer by 17.6% during the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after purchasing an additional 145 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Boston Beer during the third quarter valued at approximately $203,000. Cubist Systematic Strategies LLC raised its position in Boston Beer by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after purchasing an additional 76 shares during the period. Finally, Shaker Investments LLC OH purchased a new stake in Boston Beer during the third quarter valued at approximately $209,000. Institutional investors own 75.83% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective on the stock in a research report on Thursday. Berenberg Bank restated a “sell” rating and issued a $124.00 price objective on shares of Boston Beer in a research report on Monday, September 18th. Stifel Nicolaus assumed coverage on Boston Beer in a research report on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price objective on the stock. Credit Suisse Group boosted their price objective on Boston Beer from $150.00 to $151.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, Citigroup boosted their price objective on Boston Beer from $165.00 to $181.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $158.55.
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About Boston Beer
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.
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