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

The Boston Beer Company, Inc. (NYSE:SAM) insider Carolyn L. O’boyle sold 62 shares of Boston Beer stock in a transaction on Friday, November 1st. The shares were sold at an average price of $292.74, for a total value of $18,149.88. Following the completion of the sale, the insider now owns 6,779 shares in the company, valued at $1,984,484.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Boston Beer Trading Up 0.6 %

Shares of NYSE SAM opened at $296.65 on Tuesday. 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 $3.41 billion, a P/E ratio of 43.63, a PEG ratio of 1.12 and a beta of 1.06. The business’s fifty day simple moving average is $281.50 and its 200-day simple moving average is $282.72.

Institutional Investors Weigh In On Boston Beer

A number of hedge funds have recently bought and sold shares of the stock. LRI Investments LLC acquired a new stake in Boston Beer in the first quarter valued at approximately $28,000. Covestor Ltd raised its holdings in shares of 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 purchasing an additional 34 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Boston Beer during the 2nd quarter worth $48,000. Sachetta LLC grew its stake in shares of Boston Beer by 1,533.3% during the second quarter. Sachetta LLC now owns 245 shares of the company’s stock worth $68,000 after purchasing an additional 230 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Boston Beer by 61.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $389.00 target price on shares of Boston Beer in a research report on Wednesday, October 23rd. UBS Group upped their price objective on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and cut their target price for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Finally, Piper Sandler lifted their price objective on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.