Boston Beer Company Inc (NYSE:SAM) Director David A. Burwick sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $190.01, for a total value of $950,050.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Boston Beer Company Inc (NYSE:SAM) traded down $3.05 during midday trading on Wednesday, hitting $186.95. The company had a trading volume of 98,636 shares, compared to its average volume of 145,018. Boston Beer Company Inc has a 52-week low of $128.70 and a 52-week high of $197.05. The stock has a market capitalization of $2,200.00, a price-to-earnings ratio of 25.50, a P/E/G ratio of 5.78 and a beta of 0.58.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $256.73 million. During the same quarter last year, the company posted $2.48 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. equities research analysts forecast that Boston Beer Company Inc will post 6.22 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. Berenberg Bank raised Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus assumed coverage on Boston Beer in a report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price objective on the stock. Credit Suisse Group raised their price objective on Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Susquehanna Bancshares lowered Boston Beer from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $216.00 to $183.00 in a report on Monday, November 13th. Finally, UBS Group lowered Boston Beer from a “positive” rating to a “neutral” rating in a report on Monday, November 13th. Three equities 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 stock. The company has an average rating of “Hold” and an average target price of $151.27.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAM. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Boston Beer by 95.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after buying an additional 411 shares during the last quarter. Victory Capital Management Inc. lifted its position in Boston Beer by 17.6% in the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after purchasing an additional 145 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Boston Beer in the third quarter valued at about $203,000. Cubist Systematic Strategies LLC lifted its position in Boston Beer by 5.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after purchasing an additional 76 shares during the period. Finally, Shaker Investments LLC OH acquired a new stake in Boston Beer in the third quarter valued at about $209,000. 75.83% of the stock is currently owned by hedge funds and other institutional investors.

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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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