Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $186.81, for a total transaction of $1,868,100.00. Following the sale, the insider now directly owns 42,273 shares of the company’s stock, valued at $7,897,019.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Boston Beer Company Inc (NYSE:SAM) traded up $1.05 on Thursday, hitting $190.90. 68,300 shares of the stock traded hands, compared to its average volume of 118,255. Boston Beer Company Inc has a 12-month low of $128.70 and a 12-month high of $197.05. The firm has a market capitalization of $2,230.00, a P/E ratio of 26.04, a P/E/G ratio of 5.43 and a beta of 0.58.
Several analysts recently weighed in on the company. TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Jefferies Group restated a “hold” rating and issued a $175.00 price objective on shares of Boston Beer in a report on Thursday, January 4th. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective for the company in a report on Thursday, January 11th. Credit Suisse Group boosted their target price on shares of Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Susquehanna Bancshares downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $216.00 to $183.00 in a report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $158.55.
Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Boston Beer by 95.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after buying an additional 411 shares during the last quarter. Victory Capital Management Inc. boosted its position in Boston Beer by 17.6% in the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after buying an additional 145 shares during the last quarter. Endurance Wealth Management Inc. purchased a new stake in Boston Beer in the fourth quarter valued at approximately $134,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Boston Beer in the third quarter valued at approximately $203,000. Finally, Cubist Systematic Strategies LLC boosted its position in 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. Hedge funds and other institutional investors own 76.36% 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.
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