Boston Beer Company Inc (SAM) VP David L. Grinnell Sells 1,000 Shares

Boston Beer Company Inc (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of Boston Beer stock in a transaction that occurred on Tuesday, December 26th. The stock was 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 SEC, which is available 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 stock was sold at an average price of $186.75, for a total value of $186,750.00.

Boston Beer Company Inc (NYSE SAM) traded up $0.10 during trading on Thursday, reaching $194.60. The company’s stock had a trading volume of 116,400 shares, compared to its average volume of 164,918. Boston Beer Company Inc has a 12-month low of $128.70 and a 12-month high of $197.05. The company has a market cap of $2,290.00, a price-to-earnings ratio of 26.55, a PEG ratio of 6.15 and a beta of 0.57.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 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 earned $2.48 EPS. The company’s revenue was down 2.5% on a year-over-year basis. equities analysts anticipate that Boston Beer Company Inc will post 6.22 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Boston Beer by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock valued at $276,000 after purchasing an additional 8 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Boston Beer by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock valued at $306,000 after purchasing an additional 60 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Boston Beer by 0.3% in the 2nd quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock valued at $2,750,000 after purchasing an additional 67 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Boston Beer by 5.1% in the 2nd 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 last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Boston Beer by 5.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock valued at $246,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.

Several analysts recently weighed in on SAM shares. TheStreet raised Boston Beer from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Zacks Investment Research raised Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a report on Monday, October 30th. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a report on Thursday, September 7th. Stifel Nicolaus started coverage on Boston Beer in a report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price target for the company. Finally, Berenberg Bank raised Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $151.27.

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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.

Insider Buying and Selling by Quarter for Boston Beer (NYSE:SAM)

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