The Boston Beer Company, Inc. (NYSE:SAM) Insider Sells $19,606.88 in Stock

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 62 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $316.24, for a total transaction of $19,606.88. Following the completion of the sale, the insider now directly owns 6,717 shares of the company’s stock, valued at $2,124,184.08. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Boston Beer Trading Down 0.6 %

SAM traded down $2.02 during trading on Tuesday, reaching $312.90. 44,077 shares of the company were exchanged, compared to its average volume of 154,441. The Boston Beer Company, Inc. has a 52 week low of $254.40 and a 52 week high of $371.65. The firm has a 50 day moving average of $297.10 and a 200 day moving average of $286.99. The stock has a market cap of $3.59 billion, a P/E ratio of 45.92, a PEG ratio of 1.22 and a beta of 1.07.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in Boston Beer by 105.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after acquiring an additional 62 shares during the period. Covestor Ltd increased its stake in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares during the period. True Wealth Design LLC acquired a new stake in shares of Boston Beer in the 3rd quarter worth approximately $47,000. ORG Partners LLC acquired a new stake in shares of Boston Beer in the 2nd quarter worth approximately $48,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Boston Beer during the third quarter worth approximately $49,000. Institutional investors 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.