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

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 62 shares of the 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 sale, the insider now directly owns 6,655 shares in the company, valued at $2,008,212.80. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Boston Beer Stock Performance

SAM traded down $10.45 on Friday, hitting $290.81. The company had a trading volume of 41,860 shares, compared to its average volume of 55,058. The stock has a fifty day moving average price of $308.12 and a 200-day moving average price of $291.19. 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 capitalization of $3.34 billion, a price-to-earnings ratio of 42.77, a P/E/G ratio of 1.21 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Covestor Ltd grew its holdings in Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC increased its position in Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after purchasing an additional 48 shares during the last quarter. True Wealth Design LLC purchased a new position in Boston Beer in the third quarter worth approximately $47,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Boston Beer in the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and set a $389.00 price target on shares of Boston Beer in a report on Wednesday, October 23rd. Needham & Company LLC assumed 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 reiterated a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Jefferies Financial Group cut Boston Beer from a “buy” rating to a “hold” rating and cut their target price for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, UBS Group boosted their price target on shares of Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $314.82.

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.