The Boston Beer Company, Inc. (NYSE:SAM) Insider Carolyn L. O’boyle Sells 62 Shares

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 62 shares of Boston Beer stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $301.76, for a total value of $18,709.12. Following the completion of the sale, the insider now directly owns 6,655 shares of the company’s stock, valued at approximately $2,008,212.80. This represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Boston Beer Price Performance

Shares of SAM opened at $289.72 on Friday. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $371.65. The stock has a market cap of $3.33 billion, a PE ratio of 42.61, a P/E/G ratio of 1.21 and a beta of 1.07. The stock’s 50-day moving average is $308.00 and its two-hundred day moving average is $291.18.

Hedge Funds Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its stake in shares of Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after purchasing an additional 34 shares during the period. GAMMA Investing LLC increased its stake in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after buying an additional 48 shares during the period. First Horizon Advisors Inc. lifted its holdings in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after buying an additional 62 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Boston Beer by 8.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after buying an additional 68 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Boston Beer by 10.0% during the third quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAM. Needham & Company LLC began coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a report on Wednesday, October 23rd. UBS Group upped their price objective on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Finally, Piper Sandler lifted their target price on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Boston Beer presently has an average rating of “Hold” and an average price target of $314.82.

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.