Boston Beer Company Inc (NYSE:SAM) insider Samuel A. Calagione III sold 18,754 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $799.02, for a total value of $14,984,821.08. Following the completion of the transaction, the insider now directly owns 6,141 shares of the company’s stock, valued at $4,906,781.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of SAM opened at $810.44 on Friday. Boston Beer Company Inc has a one year low of $290.02 and a one year high of $845.70. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 72.75 and a beta of 0.82. The stock has a 50 day moving average price of $609.22 and a 200 day moving average price of $464.10.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $4.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $2.68. Boston Beer had a return on equity of 17.51% and a net margin of 9.18%. The firm had revenue of $452.14 million during the quarter, compared to analysts’ expectations of $418.75 million. Sell-side analysts predict that Boston Beer Company Inc will post 12.45 EPS for the current year.

A number of brokerages have issued reports on SAM. Guggenheim boosted their price target on Boston Beer from $609.00 to $822.00 and gave the company a “buy” rating in a report on Friday, July 24th. Cowen reissued a “buy” rating and issued a $650.00 price target on shares of Boston Beer in a report on Monday, June 22nd. MKM Partners cut Boston Beer from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $351.00 to $371.00 in a research report on Thursday, April 16th. Deutsche Bank boosted their price objective on Boston Beer from $540.00 to $656.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Finally, Evercore ISI started coverage on Boston Beer in a research report on Tuesday, July 14th. They issued an “outperform” rating and a $725.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $535.43.

Large investors have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new stake in Boston Beer in the 1st quarter valued at $59,000. NEXT Financial Group Inc grew its holdings in Boston Beer by 14.8% in the 1st quarter. NEXT Financial Group Inc now owns 217 shares of the company’s stock valued at $80,000 after buying an additional 28 shares in the last quarter. Sandy Spring Bank grew its holdings in Boston Beer by 681.8% in the 1st quarter. Sandy Spring Bank now owns 258 shares of the company’s stock valued at $95,000 after buying an additional 225 shares in the last quarter. Signaturefd LLC grew its holdings in Boston Beer by 4,250.0% in the 2nd quarter. Signaturefd LLC now owns 261 shares of the company’s stock valued at $140,000 after buying an additional 255 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in Boston Beer by 149.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,190 shares of the company’s stock valued at $170,000 after buying an additional 712 shares in the last quarter. Institutional investors own 72.33% of the company’s stock.

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, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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

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