Boston Beer Company Inc (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $195.00, for a total value of $195,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
David L. Grinnell also recently made the following trade(s):
- On Wednesday, December 13th, David L. Grinnell sold 1,000 shares of Boston Beer stock. The shares were sold at an average price of $186.75, for a total value of $186,750.00.
Shares of Boston Beer Company Inc (NYSE SAM) opened at $190.50 on Friday. The firm has a market cap of $2,265.56, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 5.50 and a beta of 0.58. Boston Beer Company Inc has a 52-week low of $128.70 and a 52-week high of $197.05.
Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. The business had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 EPS. equities research analysts anticipate that Boston Beer Company Inc will post 6.22 earnings per share for the current year.
SAM has been the subject of several recent research reports. Berenberg Bank reaffirmed a “sell” rating and issued a $124.00 price objective on shares of Boston Beer in a research note on Monday, September 18th. Credit Suisse Group raised Boston Beer from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Boston Beer from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup upped their price objective on Boston Beer from $165.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, TheStreet raised Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $158.55.
Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Boston Beer by 0.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after buying an additional 8 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Boston Beer by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock worth $306,000 after buying an additional 60 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Boston Beer by 0.3% during the 2nd quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock worth $2,750,000 after buying an additional 67 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings 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 worth $208,000 after buying an additional 76 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Boston Beer by 5.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock worth $246,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.
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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.
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