Boston Beer Insider Unloads $2,121,800 in Stock (SAM)
Boston Beer (NYSE:SAM) Insider Martin F. Roper unloaded 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $212.18, for a total transaction of $2,121,800.00. Following the completion of the transaction, the insider now directly owns 1,030 shares of the company’s stock, valued at approximately $218,545. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Boston Beer (NYSE:SAM) traded down 1.44% during mid-day trading on Friday, hitting $208.31. The stock had a trading volume of 112,545 shares. Boston Beer has a 52 week low of $138.07 and a 52 week high of $265.53. The stock has a 50-day moving average of $225.3 and a 200-day moving average of $226.0. The company has a market cap of $2.653 billion and a price-to-earnings ratio of 41.47.
A number of analysts have recently weighed in on SAM shares. Analysts at RBC Capital initiated coverage on shares of Boston Beer in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $251.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Boston Beer from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $261.20 price target on the stock. Finally, analysts at Williams Capital upgraded shares of Boston Beer from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 4th. They now have a $263.00 price target on the stock, up previously from $210.00. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Boston Beer has an average rating of “Hold” and a consensus price target of $233.37.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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