Boston Beer Company Inc (NYSE:SAM) was the target of unusually large options trading activity on Friday. Traders purchased 5,301 put options on the stock. This represents an increase of 806% compared to the typical daily volume of 585 put options.

In other Boston Beer Company news, VP Quincy B. Troupe sold 489 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $159.62, for a total value of $78,054.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David L. Grinnell sold 372 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $143.06, for a total transaction of $53,218.32. The disclosure for this sale can be found here. Insiders sold a total of 143,861 shares of company stock worth $20,956,873 over the last quarter. Corporate insiders own 31.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its position in shares of Boston Beer Company by 293.6% in the fourth quarter. Bessemer Group Inc. now owns 11,020 shares of the company’s stock valued at $1,872,000 after buying an additional 8,220 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Boston Beer Company by 4.2% in the third quarter. BlackRock Fund Advisors now owns 471,964 shares of the company’s stock valued at $73,277,000 after buying an additional 19,091 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Boston Beer Company by 205.0% in the third quarter. New York State Common Retirement Fund now owns 28,674 shares of the company’s stock valued at $4,452,000 after buying an additional 19,274 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Boston Beer Company during the fourth quarter valued at approximately $437,000. Finally, Credit Agricole S A bought a new position in shares of Boston Beer Company during the fourth quarter valued at approximately $126,000. 65.55% of the stock is owned by hedge funds and other institutional investors.

Shares of Boston Beer Company (NYSE:SAM) opened at 141.75 on Wednesday. The stock’s 50 day moving average is $142.33 and its 200 day moving average is $157.15. Boston Beer Company has a 52-week low of $135.10 and a 52-week high of $195.35. The stock has a market cap of $1.74 billion, a PE ratio of 20.95 and a beta of 0.50.

Boston Beer Company (NYSE:SAM) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.19. The firm had revenue of $161.70 million during the quarter, compared to analyst estimates of $170.33 million. Boston Beer Company had a net margin of 8.68% and a return on equity of 18.49%. Boston Beer Company’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities research analysts forecast that Boston Beer Company will post $5.45 earnings per share for the current year.

Several analysts have issued reports on the stock. Susquehanna Bancshares Inc upgraded shares of Boston Beer Company from a “neutral” rating to a “positive” rating and increased their target price for the stock from $154.00 to $179.00 in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $129.00 target price on shares of Boston Beer Company in a research note on Thursday, April 27th. Goldman Sachs Group Inc lowered their target price on shares of Boston Beer Company from $152.00 to $138.00 and set a “neutral” rating on the stock in a research note on Thursday, February 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $158.00 target price on shares of Boston Beer Company in a research note on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Boston Beer Company from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Boston Beer Company has a consensus rating of “Hold” and an average target price of $152.38.

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About Boston Beer Company

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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