The Boston Beer Company, Inc. (NYSE:SAM) Insider Sells $18,149.88 in Stock

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) insider Carolyn L. O'boyle sold 62 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $292.74, for a total transaction of $18,149.88. Following the completion of the transaction, the insider now directly owns 6,779 shares of the company's stock, valued at approximately $1,984,484.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Boston Beer Trading Up 0.6 %

Boston Beer stock traded up $1.71 during mid-day trading on Monday, reaching $296.65. The company's stock had a trading volume of 138,627 shares, compared to its average volume of 158,830. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $371.65. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 1.12 and a beta of 1.06. The business has a 50 day moving average price of $281.50 and a 200-day moving average price of $282.72.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SAM. Roth Mkm reissued a "buy" rating and set a $389.00 price objective on shares of Boston Beer in a report on Wednesday, October 23rd. Piper Sandler raised their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boston Beer from $281.00 to $277.00 and set a "hold" rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group cut shares of Boston Beer from a "buy" rating to a "hold" rating and decreased their price target for the stock from $355.00 to $325.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $318.00 price target on shares of Boston Beer in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $314.82.

Institutional Investors Weigh In On Boston Beer

Several institutional investors have recently bought and sold shares of SAM. LRI Investments LLC bought a new stake in Boston Beer in the first quarter worth about $28,000. Seven Eight Capital LP grew its stake in Boston Beer by 160.0% during the 1st quarter. Seven Eight Capital LP now owns 4,940 shares of the company's stock valued at $1,504,000 after acquiring an additional 3,040 shares in the last quarter. Natixis purchased a new position in Boston Beer during the 1st quarter valued at about $3,044,000. Gamco Investors INC. ET AL grew its stake in Boston Beer by 16.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,333 shares of the company's stock valued at $4,059,000 after acquiring an additional 1,925 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Boston Beer in the 2nd quarter valued at approximately $982,000. Institutional investors and hedge funds own 81.13% of the company's stock.

About Boston Beer

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.