John C. Geist Sells 262 Shares of The Boston Beer Company, Inc. (NYSE:SAM) Stock

The Boston Beer Company, Inc. (NYSE:SAM) insider John C. Geist sold 262 shares of the business’s stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $991.14, for a total value of $259,678.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John C. Geist also recently made the following trade(s):

• On Tuesday, October 27th, John C. Geist sold 1,109 shares of The Boston Beer stock. The shares were sold at an average price of $1,062.95, for a total value of $1,178,811.55.

Shares of The Boston Beer stock opened at $969.22 on Wednesday. The company has a market cap of $11.87 billion, a PE ratio of 87.00 and a beta of 1.00. The business has a 50 day moving average of $953.65 and a 200 day moving average of $856.68. The Boston Beer Company, Inc. has a 52 week low of $290.02 and a 52 week high of $1,092.80.

The Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, October 22nd. The company reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $1.27. The company had revenue of $492.80 million during the quarter, compared to the consensus estimate of $520.93 million. The Boston Beer had a return on equity of 17.51% and a net margin of 9.18%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 earnings per share. On average, equities analysts predict that The Boston Beer Company, Inc. will post 13.35 EPS for the current year.

A number of hedge funds have recently modified their holdings of SAM. Vanguard Group Inc. boosted its position in shares of The Boston Beer by 0.6% during the second quarter. Vanguard Group Inc. now owns 839,661 shares of the company’s stock valued at $450,605,000 after buying an additional 5,083 shares during the last quarter. Durable Capital Partners LP boosted its position in shares of The Boston Beer by 34.8% during the third quarter. Durable Capital Partners LP now owns 494,770 shares of the company’s stock worth $437,060,000 after acquiring an additional 127,684 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of The Boston Beer by 6,167.6% during the third quarter. Great West Life Assurance Co. Can now owns 458,472 shares of the company’s stock worth $8,963,000 after acquiring an additional 451,157 shares during the last quarter. JPMorgan Chase & Co. lifted its position in The Boston Beer by 2,467.5% during the third quarter. JPMorgan Chase & Co. now owns 247,278 shares of the company’s stock valued at $217,709,000 after purchasing an additional 237,647 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in The Boston Beer by 45.0% during the third quarter. Lord Abbett & CO. LLC now owns 155,353 shares of the company’s stock valued at $137,233,000 after purchasing an additional 48,187 shares during the last quarter. 70.66% of the stock is currently owned by institutional investors.

A number of analysts recently commented on SAM shares. Zacks Investment Research raised The Boston Beer from a “hold” rating to a “buy” rating and set a $1,009.00 target price for the company in a research report on Tuesday. BidaskClub lowered The Boston Beer from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 30th. Deutsche Bank Aktiengesellschaft upped their target price on The Boston Beer from $835.00 to $996.00 and gave the company a “hold” rating in a report on Friday, October 23rd. Guggenheim upped their target price on The Boston Beer from $977.00 to $1,142.00 and gave the company a “buy” rating in a report on Friday, September 25th. Finally, Smith Barney Citigroup upped their price objective on The Boston Beer from $1,015.00 to $1,150.00 in a research note on Friday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The Boston Beer presently has a consensus rating of “Buy” and an average price target of $909.27.

The 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, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach, Wild Leaf, and Tura brand names.

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