Boston Beer Company, Inc. (The) (NYSE:SAM) has been the object of insider selling activity recently. David L. Grinnell, Vice President of Brewing disclosed the sale of 1,000 shares of (SAM). The shares were sold on June 16th for an average price of $156.23. Grinnell now owns $484,157 of the stock according to the SEC filing. David A. Burwick, Director sold $766,350 worth of shares at an average price of $153.27 on May 12th. That brings Burwick’s holdings to $167,677 per an SEC filing yesterday.
Chief Sales Officer John C. Geist let go of 950 shares at an average price of $155.00 on Thu the 5th. That brings the Chief Sales Officer’s holdings to $67,735 as reported to the SEC.
The following firms have also recently changed their position in SAM. As of quarter end Evercore Wealth Management, LLC had disposed of 64 shares trimming its holdings by 23.9%. The value of the company’s investment in Boston Beer Company, Inc. (The) went from $50,000 to $35,000 a change of $15,000 quarter over quarter. As of the end of the quarter BNP Paribas Investment Partners S.A. had sold a total of 3,300 shares trimming its position 19.1%. The value of the investment in SAM decreased from $3,487,000 to $2,389,000 decreasing 31.5% quarter to quarter.
Northwestern Mutual Investment Management Company, LLC cut its holdings by selling 26 shares a decrease of 1.6% in the quarter. Northwestern Mutual Investment Management Company, LLC owns 1,612 shares valued at $276,000. The value of the position overall is down by 8.9%. Mason Street Advisors, LLC expanded its ownership by buying 258 shares an increase of 6.5% as of 06/30/2016. Mason Street Advisors, LLC claims 4,258 shares with a value of $728,000. The total value of its holdings decreased 9.9%.
William Blair began coverage of SAM with an initial rating of “Outperform”. On September 21 the stock rating was downgraded to “Outperform” from “” in a report issued by Cowen & Co..
On September 16 analysts at Credit Suisse initiated coverage on SAM setting a rating of “Underperform” and establishing a price target of $156.00. On May 19, 2016 the stock rating was rated “Hold” according to a Berenberg report which is up from the previous “Sell” rating.
On April 27 the company was set at “Neutral” in a report from Tigress Financial down from the previous “” rating. April 15 investment analysts at Jefferies made no change to the stock rating of “Hold” but lowered the price target to $168.00 from $174.00.
The company is up since yesterday’s close of $149.9. The stock last traded at $150.29 which is a tad under the 50 day moving average which is $177.25 and slightly below the 200 day moving average of $170.51. The 50 day moving average went down by -15.21% and the 200 day average went down $-20.22 or -11.86%.
The most current P/E ratio is 22.51 and the market cap is 1.85B. In the latest earnings report the EPS was $6.68 and is projected to be $6.50 for the current year with 12,312,000 shares outstanding. Next quarter’s EPS is expected be $1.29 with next year’s EPS projected to be $6.94.