Boston Beer Co Inc (SAM): David L. Grinnell , Vice President of Brewing of Boston Beer Co Inc sold 1,000 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $153.12 per share for a total value of $152,562.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 23, 2016, Martin F Roper (President and C.E.O.) sold 5,000 shares at $153.14 per share price.On Aug 19, 2016, David L. Grinnell (Vice President of Brewing) sold 1,000 shares at $187.69 per share price.Also, On Jun 13, 2016, John C Geist (Chief Sales Officer) sold 3,991 shares at $158.00 per share price.On May 13, 2016, David A Burwick (director) sold 5,000 shares at $153.27 per share price.
Boston Beer Co Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Boston Beer Co Inc which led to swings in the share price. The shares opened for trading at $151.98 and hit $154.795 on the upside , eventually ending the session at $151.32, with a gain of 0.17% or 0.26 points. The heightened volatility saw the trading volume jump to 2,49,228 shares. The 52-week high of the share price is $260.51 and the company has a market cap of $1,880 M . The 52-week low of the share price is at $145.3295.
Company has been under the radar of several Street Analysts.Boston Beer Co Inc is Initiated by Credit Suisse to Underperform. The Rating was issued on Sep 16, 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.