Boston Beer Company Inc (SAM) Insider John C. Geist Sells 8,117 Shares

Boston Beer Company Inc (NYSE:SAM) insider John C. Geist sold 8,117 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $188.34, for a total transaction of $1,528,755.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Boston Beer Company Inc (NYSE SAM) traded down $3.05 during mid-day trading on Wednesday, reaching $186.95. 98,636 shares of the company’s stock traded hands, compared to its average volume of 145,018. The stock has a market cap of $2,200.00, a PE ratio of 25.50, a P/E/G ratio of 5.78 and a beta of 0.58. Boston Beer Company Inc has a 12-month low of $128.70 and a 12-month high of $197.05.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. 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 previous year, the company earned $2.48 EPS. Boston Beer’s revenue for the quarter was down 2.5% on a year-over-year basis. analysts predict that Boston Beer Company Inc will post 6.22 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in SAM. Northwestern Mutual Wealth Management Co. grew its stake in shares of Boston Beer by 95.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after buying an additional 411 shares during the period. Victory Capital Management Inc. grew its stake in shares of Boston Beer by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after buying an additional 145 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Boston Beer during the 3rd quarter valued at $203,000. Cubist Systematic Strategies LLC grew its stake in shares of Boston Beer by 5.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after buying an additional 76 shares during the period. Finally, Shaker Investments LLC OH purchased a new stake in shares of Boston Beer during the 3rd quarter valued at $209,000. 75.83% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the stock. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a research note on Thursday, September 7th. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Credit Suisse Group raised their price objective on shares of Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Macquarie assumed coverage on shares of Boston Beer in a research note on Thursday, September 14th. They issued an “underperform” rating and a $140.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $151.27.

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About Boston Beer

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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