Boston Beer Company, Inc. (The) (NYSE:SAM) insider Jonathan N. Potter sold 771 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total value of $133,768.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jonathan N. Potter also recently made the following trade(s):

  • On Tuesday, October 31st, Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock. The shares were sold at an average price of $171.90, for a total value of $75,464.10.

Boston Beer Company, Inc. (SAM) traded down $4.05 during trading hours on Friday, hitting $174.25. The stock had a trading volume of 29,064 shares, compared to its average volume of 212,574. The company has a market capitalization of $2,099.02, a P/E ratio of 23.83 and a beta of 0.57.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The company had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 earnings per share. sell-side analysts anticipate that Boston Beer Company, Inc. will post 6.08 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in Boston Beer Company, Inc. (The) by 85.6% in the 1st quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock worth $119,000 after buying an additional 381 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Boston Beer Company, Inc. (The) by 95.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after buying an additional 411 shares in the last quarter. IFP Advisors Inc grew its holdings in Boston Beer Company, Inc. (The) by 12.7% in the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $159,000 after buying an additional 136 shares in the last quarter. Shaker Investments LLC OH bought a new position in Boston Beer Company, Inc. (The) in the 3rd quarter worth approximately $209,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Boston Beer Company, Inc. (The) in the 3rd quarter worth approximately $237,000. 71.35% of the stock is owned by institutional investors.

Several brokerages have issued reports on SAM. Citigroup Inc. upped their price objective on Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research upgraded Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $187.00 price objective on the stock in a research note on Monday. Credit Suisse Group upped their price objective on Boston Beer Company, Inc. (The) from $151.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Berenberg Bank restated a “sell” rating and set a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Monday, September 18th. Finally, Macquarie began coverage on Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They set an “underperform” rating and a $140.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $149.00.

Boston Beer Company, Inc. (The) 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.

Insider Buying and Selling by Quarter for Boston Beer Company, Inc. (The) (NYSE:SAM)

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