The Boston Beer Company, Inc. (NYSE:SAM) Insider Sells $18,709.12 in Stock

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 62 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $301.76, for a total transaction of $18,709.12. Following the completion of the transaction, the insider now directly owns 6,655 shares in the company, valued at approximately $2,008,212.80. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Boston Beer Price Performance

SAM opened at $289.72 on Monday. The stock’s 50 day simple moving average is $308.00 and its 200 day simple moving average is $291.12. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.21 and a beta of 1.07. The Boston Beer Company, Inc. has a 1 year low of $254.40 and a 1 year high of $371.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAM. Covestor Ltd boosted its position in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after purchasing an additional 48 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in Boston Beer by 8.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after purchasing an additional 68 shares during the period. Finally, National Bank of Canada FI raised its position in Boston Beer by 10.0% during the 3rd quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Analyst Ratings Changes

SAM has been the subject of several recent analyst reports. Jefferies Financial Group cut Boston Beer from a “buy” rating to a “hold” rating and reduced their target price for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Roth Mkm reiterated a “buy” rating and set a $389.00 target price on shares of Boston Beer in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a report on Friday, October 25th. Finally, UBS Group lifted their price objective on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $314.82.

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.