Insider Selling: Boston Beer Company, Inc. (The) (SAM) CMO Sells $75,464.10 in Stock

Boston Beer Company, Inc. (The) (NYSE:SAM) CMO Jonathan N. Potter sold 439 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total value of $75,464.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jonathan N. Potter also recently made the following trade(s):

  • On Thursday, November 2nd, Jonathan N. Potter sold 771 shares of Boston Beer Company, Inc. (The) stock. The stock was sold at an average price of $173.50, for a total value of $133,768.50.

Boston Beer Company, Inc. (NYSE:SAM) traded down $1.20 during mid-day trading on Friday, hitting $173.50. The stock had a trading volume of 86,599 shares, compared to its average volume of 203,749. The company has a market capitalization of $2.04 billion, a P/E ratio of 23.83, a P/E/G ratio of 5.75 and a beta of 0.57. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79. The company had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.48 earnings per share. sell-side analysts expect that Boston Beer Company, Inc. will post 6.08 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Boston Beer Company, Inc. (The) by 12,367.2% during the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after purchasing an additional 1,118,981 shares during the period. Vanguard Group Inc. grew its stake in shares of Boston Beer Company, Inc. (The) by 2.0% during the second quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock worth $98,974,000 after purchasing an additional 14,951 shares during the period. American Century Companies Inc. grew its stake in shares of Boston Beer Company, Inc. (The) by 16.4% during the second quarter. American Century Companies Inc. now owns 333,995 shares of the company’s stock worth $44,137,000 after purchasing an additional 47,027 shares during the period. Fisher Asset Management LLC grew its stake in shares of Boston Beer Company, Inc. (The) by 5.2% during the third quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock worth $52,168,000 after purchasing an additional 16,431 shares during the period. Finally, State Street Corp grew its stake in shares of Boston Beer Company, Inc. (The) by 3.7% during the second quarter. State Street Corp now owns 292,523 shares of the company’s stock worth $38,656,000 after purchasing an additional 10,312 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

SAM has been the subject of several analyst reports. Zacks Investment Research upgraded Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Monday, July 17th. Credit Suisse Group raised their target price on Boston Beer Company, Inc. (The) from $150.00 to $151.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Citigroup Inc raised their target price on Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Macquarie initiated coverage on Boston Beer Company, Inc. (The) in a research report on Thursday, September 14th. They set an “underperform” rating and a $140.00 target price for the company. Finally, Jefferies Group LLC restated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $149.00.

About Boston Beer Company, Inc. (The)

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 Company, Inc. (The) (NYSE:SAM)

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