Boston Beer Co Inc (SAM): John C Geist , Chief Sales Officer of Boston Beer Co Inc sold 3,209 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $155.08 per share for a total value of $497,651.72 , 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 950 shares at $155.00 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.
Shares of Boston Beer Co Inc (SAM) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -0.15% at $154.21 with 1,07,342 shares getting traded. Post opening the session at $154.25, the shares hit an intraday low of $152.42 and an intraday high of $155.49 and the price vacillated in this range throughout the day. The company has a market cap of $1,959 M and the number of outstanding shares has been calculated to be 1,27,02,969 shares. The 52-week high of Boston Beer Co Inc is $266.62 and the 52-week low is $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.