Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $189.29, for a total transaction of $1,892,900.00. Following the completion of the sale, the insider now owns 42,273 shares in the company, valued at $8,001,856.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Boston Beer Company Inc (SAM) traded up $1.60 during midday trading on Friday, hitting $181.35. 143,897 shares of the company traded hands, compared to its average volume of 126,161. The company has a market cap of $2,130.00, a price-to-earnings ratio of 24.74, a PEG ratio of 5.18 and a beta of 0.53. Boston Beer Company Inc has a 1 year low of $128.70 and a 1 year high of $197.05.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Endurance Wealth Management Inc. bought a new position in shares of Boston Beer during the 4th quarter worth approximately $134,000. Huntington National Bank raised its stake in shares of Boston Beer by 173.9% during the 4th quarter. Huntington National Bank now owns 775 shares of the company’s stock worth $148,000 after acquiring an additional 492 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $111,000 after acquiring an additional 411 shares in the last quarter. Victory Capital Management Inc. raised 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 worth $128,000 after acquiring an additional 145 shares in the last quarter. Finally, Texas Yale Capital Corp. bought a new position in shares of Boston Beer during the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.
SAM has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research report on Monday, October 30th. Credit Suisse Group boosted their price objective on shares of Boston Beer from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus started coverage on shares of Boston Beer in a research report on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price objective for the company. Finally, Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a strong buy rating to the company. Boston Beer has a consensus rating of “Hold” and a consensus target price of $160.33.
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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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