Boston Beer Co Inc (SAM): David A Burwick , director of Boston Beer Co Inc sold 5,000 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $153.27 per share for a total value of $766,027.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, John C Geist (Chief Sales Officer) sold 3,209 shares at $155.08 per share price.On Mar 29, 2016, Robert P Pagano (VP, Brand Development) sold 6,000 shares at $189.21 per share price.Also, On Mar 3, 2016, Kathleen H Wade (VP,Legal & Corporate Secretary) sold 445 shares at $192.00 per share price.On Mar 3, 2016, David A Burwick (director) purchased 255 shares at $196.38 per share price.
Boston Beer Co Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Boston Beer Co Inc which led to swings in the share price. The shares opened for trading at $154.57 and hit $156.79 on the upside , eventually ending the session at $154.25, with a gain of 0.40% or 0.61 points. The heightened volatility saw the trading volume jump to 1,51,072 shares. The 52-week high of the share price is $266.62 and the company has a market cap of $1,959 M . The 52-week low of the share price is at $151.85.
Company has been under the radar of several Street Analysts.Boston Beer Co Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 172 from a previous price target of $183 . The Rating was issued on Apr 22, 2016.Boston Beer Co Inc is Upgraded by Citigroup to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Apr 8, 2016.Boston Beer Co Inc is Reiterated by Jefferies to Hold while Lowering the Price Target of the company shares to $ 174 from a previous price target of $182 . The Rating was issued on Mar 30, 2016.Boston Beer Co Inc is Downgraded by Credit Agricole to Underperform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 8, 2016.
The Boston Beer Company Inc. (Boston Beer) is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in international markets. As of December 31 2014 Boston Beer sold approximately 4.1 million barrels of its products. As of December 31 2014 the Company sold over sixty beers under the Samuel Adams or the Sam Adams brand names eleven flavored malt beverages under the Twisted Tea brand name ten hard cider beverages under the Angry Orchard brand name and over twenty beers under four of the brand names of its subsidiary Alchemy & Science. Boston Beer produces malt beverages and hard cider at the Company-owned breweries and under contract arrangements at other brewery locations.