There has been some selling insider activity on Boston Beer Company, Inc. (The) (NYSE:SAM) recently. Yesterday Vice President of Brewing David L. Grinnell disclosed the sale of 1,000 shares. The shares were purchased at an average price of $156.23. The Vice President of Brewing now owns $484,157 of the stock per the Form 4 SEC filing. Director David A. Burwick sold 5,000 shares at an average price of $153.27 on Thu the 12th. That brings Burwick’s holdings to $167,677 as recorded in a recent Form 4 SEC filing.
John C. Geist, Chief Sales Officer sold $147,250 worth of shares at an average price of $155.00 on May 5th. Geist now owns $67,735 of stock per an SEC filing yesterday.
These funds have also shifted positions in (SAM). As of the end of the quarter Evercore Wealth Management, LLC had sold a total of 64 shares trimming its holdings by 23.9%. The value of the investment in Boston Beer Company, Inc. (The) went from $50,000 to $35,000 a change of 30.0% for the reporting period. As of quarter end BNP Paribas Investment Partners S.A. had disposed of 3,300 shares trimming its stake by 19.1%. The value of the investment in SAM decreased from $3,487,000 to $2,389,000 a change of $1,098,000 quarter over quarter.
As of the end of the quarter Northwestern Mutual Investment Management Company, LLC had disposed of a total of 26 shares trimming its position 1.6%. The value in dollars decreased from $303,000 to $276,000 decreasing 8.9% quarter to quarter. As of quarter end Mason Street Advisors, LLC had acquired 258 shares growing its position 6.5%. The value of the total investment in Boston Beer Company, Inc. (The) went from $808,000 to $728,000 a change of $80,000 since the last quarter.
On September 21, 2016 William Blair began coverage with a rating of “Outperform”. On September 21 the company was downgraded to “Outperform” from “” in a report issued by Cowen & Co..
Equity analyst Credit Suisse starting coverage on the stock by announcing an initial rating of “Underperform” and a price target of $156.00. On May 19 the company was set at “Hold” in a report from Berenberg which was a boost from the previous “Sell” rating.
On April 27 the stock rating was downgraded from “” to “Neutral” in a statement from Tigress Financial. April 15 investment analysts at Jefferies held the stock rating at “Hold” and lowered the price target to $168.00 from $174.00.
The company is so far trading up from yesterday’s close of $150.29. It is trading at $150.79 marginally under $176.41, the stock’s 50 day moving average and just below the 200 day moving average of $170.27. The 50 day moving average was down $-25.62 or -14.52% and the 200 day average went down by -11.44%.
The company’s P/E ratio is 22.58 and market capitalization is 1.86B. In the last earnings report the EPS was $6.68 and is estimated to be $6.50 for the current year with 12,312,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.29 and the next full year EPS is projected to be $6.94.