Boston Beer Company, Inc. (The) (NYSE:SAM) insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total transaction of $133,768.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, October 31st, Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock. The stock was sold at an average price of $171.90, for a total transaction of $75,464.10.

Boston Beer Company, Inc. (NYSE:SAM) opened at $173.50 on Monday. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $181.20. The stock has a market cap of $2,040.36, a price-to-earnings ratio of 23.67, a P/E/G ratio of 5.71 and a beta of 0.57.

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

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Several institutional investors and hedge funds have recently bought and sold shares of SAM. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Boston Beer Company, Inc. (The) by 95.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after purchasing an additional 411 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Boston Beer Company, Inc. (The) by 85.6% in the 1st quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after purchasing an additional 381 shares during the period. IFP Advisors Inc lifted its stake in shares of Boston Beer Company, Inc. (The) by 12.7% in the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after purchasing an additional 136 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Boston Beer Company, Inc. (The) 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 period. Finally, Shaker Investments LLC OH acquired a new position in shares of Boston Beer Company, Inc. (The) in the 3rd quarter valued at $209,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.

SAM has been the subject of several research reports. Cowen and Company restated a “sell” rating and set a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, July 14th. Credit Suisse Group upgraded shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Macquarie initiated coverage on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They set an “underperform” rating and a $140.00 price objective for the company. Citigroup Inc. lifted their price objective on shares of Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research note on Monday, October 30th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Boston Beer Company, Inc. (The) has a consensus rating of “Hold” and a consensus price target of $149.00.

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

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