Boston Beer Company, Inc. (The) (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $186.75, for a total value of $186,750.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Boston Beer Company, Inc. (SAM) traded down $6.25 during midday trading on Wednesday, reaching $186.75. The company had a trading volume of 176,400 shares, compared to its average volume of 164,044. Boston Beer Company, Inc. has a 1 year low of $128.70 and a 1 year high of $194.30. The firm has a market capitalization of $2,269.68, a PE ratio of 26.33, a PEG ratio of 6.21 and a beta of 0.57.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The firm had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. During the same period in the prior year, the firm posted $2.48 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. equities analysts forecast that Boston Beer Company, Inc. will post 6.22 earnings per share for the current year.

A number of research firms recently issued reports on SAM. Stifel Nicolaus began coverage on Boston Beer in a report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price objective for the company. Susquehanna Bancshares downgraded Boston Beer from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $216.00 to $183.00 in a report on Monday, November 13th. UBS downgraded Boston Beer from a “positive” rating to a “neutral” rating in a report on Monday, November 13th. TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Finally, Citigroup increased their price target on Boston Beer from $165.00 to $181.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $151.27.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC lifted its position in shares of Boston Beer by 9.4% in the second quarter. Voya Investment Management LLC now owns 4,104 shares of the company’s stock valued at $542,000 after buying an additional 354 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Boston Beer in the third quarter valued at approximately $237,000. Profit Investment Management LLC lifted its position in shares of Boston Beer by 27.0% in the third quarter. Profit Investment Management LLC now owns 13,785 shares of the company’s stock valued at $2,153,000 after buying an additional 2,932 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Boston Beer by 104.8% in the third quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock valued at $20,738,000 after buying an additional 67,940 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in Boston Beer by 22.5% during the 3rd quarter. Aperio Group LLC now owns 5,392 shares of the company’s stock worth $842,000 after purchasing an additional 992 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

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Boston Beer 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 (NYSE:SAM)

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