Carolyn L. O’boyle Sells 63 Shares of The Boston Beer Company, Inc. (NYSE:SAM) Stock

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 63 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $274.90, for a total transaction of $17,318.70. Following the completion of the transaction, the insider now owns 6,903 shares in the company, valued at $1,897,634.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Boston Beer Trading Up 0.3 %

SAM stock opened at $281.58 on Friday. The firm’s 50-day moving average is $280.89 and its two-hundred day moving average is $289.82. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The Boston Beer Company, Inc. has a 52 week low of $254.40 and a 52 week high of $395.52.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm had revenue of $579.10 million for the quarter, compared to the consensus estimate of $597.33 million. During the same period in the previous year, the business posted $4.72 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that The Boston Beer Company, Inc. will post 9.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAM shares. Royal Bank of Canada decreased their target price on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Morgan Stanley upgraded Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price objective for the company in a research note on Wednesday, June 5th. Jefferies Financial Group upgraded Boston Beer from a “hold” rating to a “buy” rating and raised their target price for the company from $335.00 to $360.00 in a research note on Tuesday, May 14th. Roth Mkm lowered their price target on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $326.92.

Institutional Investors Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Boston Beer by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after purchasing an additional 21,060 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Boston Beer by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock worth $55,814,000 after buying an additional 26,538 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Boston Beer by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock valued at $40,720,000 after buying an additional 9,997 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Boston Beer by 80.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock valued at $35,000,000 after acquiring an additional 51,003 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Boston Beer by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 107,312 shares of the company’s stock worth $37,086,000 after acquiring an additional 3,382 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.