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Boston Beer Co (NYSE:SAM) major shareholder C James Koch sold 2,000 shares of Boston Beer Co stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $228.73, for a total transaction of $457,460.00. Following the completion of the sale, the insider now directly owns 49,232 shares of the company’s stock, valued at approximately $11,260,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on SAM shares. Analysts at Zacks downgraded shares of Boston Beer Co from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $240.00 price target on the stock. Separately, analysts at Williams Capital raised their price target on shares of Boston Beer Co from $260.00 to $284.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Boston Beer Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Boston Beer Co presently has an average rating of “Buy” and an average price target of $250.25.

Shares of Boston Beer Co (NYSE:SAM) traded up 0.34% during mid-day trading on Friday, hitting $228.83. The stock had a trading volume of 71,908 shares. Boston Beer Co has a one year low of $202.78 and a one year high of $265.53. The stock’s 50-day moving average is $225.3 and its 200-day moving average is $228.1. The company has a market cap of $2.967 billion and a P/E ratio of 39.95.

Boston Beer Co (NYSE:SAM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.09. The company had revenue of $231.60 million for the quarter, compared to the consensus estimate of $224.70 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, analysts predict that Boston Beer Co will post $6.50 earnings per share for the current fiscal year.

The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.

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