Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $187.20, for a total value of $1,872,000.00. Following the completion of the transaction, the insider now owns 42,273 shares in the company, valued at approximately $7,913,505.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Boston Beer Company Inc (NYSE:SAM) opened at $190.30 on Wednesday. The firm has a market capitalization of $2,251.45, a P/E ratio of 26.12, a PEG ratio of 5.46 and a beta of 0.58. Boston Beer Company Inc has a 1 year low of $128.70 and a 1 year high of $197.05.
Several institutional investors have recently made changes to their positions in SAM. JPMorgan Chase & Co. raised its position in shares of Boston Beer by 443.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 118,251 shares of the company’s stock worth $18,802,000 after purchasing an additional 96,481 shares during the period. Prudential Financial Inc. raised its position in shares of Boston Beer by 104.8% during the 3rd quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock worth $20,738,000 after purchasing an additional 67,940 shares during the period. Ameriprise Financial Inc. grew its holdings in Boston Beer by 147.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 81,738 shares of the company’s stock worth $10,801,000 after buying an additional 48,757 shares in the last quarter. Arlington Value Capital LLC bought a new position in Boston Beer in the 2nd quarter worth approximately $6,311,000. Finally, Apertura Capital LLC bought a new position in Boston Beer in the 3rd quarter worth approximately $5,311,000. Institutional investors and hedge funds own 76.36% of the company’s stock.
Several research analysts recently commented on SAM shares. Berenberg Bank upgraded Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Jefferies Group restated a “hold” rating and set a $175.00 price objective on shares of Boston Beer in a research note on Thursday, January 4th. Susquehanna Bancshares cut Boston Beer from a “positive” rating to a “neutral” rating and cut their price objective for the company from $216.00 to $183.00 in a research note on Monday, November 13th. Finally, UBS Group cut Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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