Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of Boston Beer stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $188.07, for a total transaction of $1,880,700.00. Following the completion of the transaction, the insider now directly owns 42,273 shares of the company’s stock, valued at $7,950,283.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Boston Beer Company Inc (NYSE SAM) traded up $4.00 on Wednesday, hitting $191.75. 113,423 shares of the company’s stock were exchanged, compared to its average volume of 125,172. The company has a market capitalization of $2,260.00, a price-to-earnings ratio of 26.23, a P/E/G ratio of 5.38 and a beta of 0.53. Boston Beer Company Inc has a fifty-two week low of $128.70 and a fifty-two week high of $197.05.
SAM has been the subject of several recent analyst reports. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a report on Monday, October 30th. Jefferies Group reissued a “hold” rating and set a $175.00 price objective on shares of Boston Beer in a report on Thursday, January 4th. Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Finally, Stifel Nicolaus initiated coverage on shares of Boston Beer in a report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Boston Beer presently has a consensus rating of “Hold” and an average target price of $160.33.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Boston Beer by 2.0% in the second quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock worth $98,974,000 after purchasing an additional 14,951 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Boston Beer by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 416,414 shares of the company’s stock worth $65,044,000 after purchasing an additional 18,116 shares during the period. Fisher Asset Management LLC boosted its position in shares of Boston Beer by 5.2% in the third quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock worth $52,168,000 after purchasing an additional 16,431 shares during the period. State Street Corp boosted its position in shares of Boston Beer by 3.7% in the second quarter. State Street Corp now owns 292,523 shares of the company’s stock worth $38,656,000 after purchasing an additional 10,312 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Boston Beer by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 240,364 shares of the company’s stock worth $37,546,000 after purchasing an additional 13,181 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.
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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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