Carolyn L. O’boyle Sells 63 Shares of The Boston Beer Company, Inc. (NYSE:SAM) Stock

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 63 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $274.90, for a total value of $17,318.70. Following the transaction, the insider now directly owns 6,966 shares of the company’s stock, valued at approximately $1,914,953.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Boston Beer Stock Performance

Boston Beer stock traded down $1.77 during midday trading on Wednesday, reaching $271.59. The stock had a trading volume of 14,292 shares, compared to its average volume of 169,908. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $395.52. The stock has a market capitalization of $3.18 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.03. The stock’s 50-day simple moving average is $286.53 and its 200 day simple moving average is $298.12.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. During the same quarter in the previous year, the business posted $4.72 EPS. Boston Beer’s revenue was down 4.0% compared to the same quarter last year. Equities analysts predict that The Boston Beer Company, Inc. will post 9.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAM. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Boston Beer by 5.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 609 shares of the company’s stock worth $210,000 after purchasing an additional 33 shares in the last quarter. CWM LLC lifted its stake in shares of Boston Beer by 17.6% during the fourth quarter. CWM LLC now owns 227 shares of the company’s stock worth $78,000 after purchasing an additional 34 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Boston Beer by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 4,167 shares of the company’s stock worth $1,440,000 after purchasing an additional 40 shares in the last quarter. Pacific Global Investment Management Co. lifted its stake in shares of Boston Beer by 6.5% during the fourth quarter. Pacific Global Investment Management Co. now owns 1,031 shares of the company’s stock worth $356,000 after purchasing an additional 63 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Boston Beer by 0.5% during the second quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company’s stock worth $4,493,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

SAM has been the subject of several recent research reports. Roth Mkm dropped their price target on Boston Beer from $395.00 to $389.00 and set a “buy” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Evercore ISI raised their price target on Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a research report on Friday, April 26th. Citigroup dropped their price target on Boston Beer from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group raised Boston Beer from a “hold” rating to a “buy” rating and raised their price target for the stock from $335.00 to $360.00 in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $326.92.

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.