Boston Beer Company, Inc. (The) (NYSE:SAM) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 5,301 put options on the company. This represents an increase of 806% compared to the average daily volume of 585 put options.

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded down 0.56% during mid-day trading on Friday, hitting $132.95. 205,205 shares of the stock were exchanged. Boston Beer Company, Inc. has a 12 month low of $131.60 and a 12 month high of $195.35. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 19.65 and a beta of 0.58. The company has a 50-day moving average price of $141.78 and a 200-day moving average price of $153.26.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its earnings results on Wednesday, April 26th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.19. Boston Beer Company, Inc. (The) had a return on equity of 19.73% and a net margin of 9.42%. The business had revenue of $161.70 million for the quarter, compared to analyst estimates of $170.33 million. During the same quarter last year, the company earned $0.53 EPS. The business’s quarterly revenue was down 14.4% on a year-over-year basis. Equities analysts expect that Boston Beer Company, Inc. will post $5.48 earnings per share for the current year.

In related news, VP David L. Grinnell sold 372 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $143.06, for a total transaction of $53,218.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman C James Koch sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $140.71, for a total transaction of $1,055,325.00. Following the completion of the transaction, the chairman now directly owns 88,605 shares of the company’s stock, valued at approximately $12,467,609.55. The disclosure for this sale can be found here. Insiders have sold 80,372 shares of company stock valued at $11,263,768 over the last quarter. Corporate insiders own 31.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Boston Beer Company, Inc. (The) by 12,367.2% in the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after buying an additional 1,118,981 shares during the last quarter. Contrarius Investment Management Ltd acquired a new stake in Boston Beer Company, Inc. (The) during the first quarter worth $28,890,000. Morgan Stanley increased its stake in Boston Beer Company, Inc. (The) by 132.1% in the first quarter. Morgan Stanley now owns 120,618 shares of the company’s stock worth $17,447,000 after buying an additional 68,642 shares during the period. Bank of New York Mellon Corp increased its stake in Boston Beer Company, Inc. (The) by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 410,646 shares of the company’s stock worth $59,400,000 after buying an additional 64,189 shares during the last quarter. Finally, Perkins Investment Management LLC increased its stake in Boston Beer Company, Inc. (The) by 45.0% in the third quarter. Perkins Investment Management LLC now owns 161,942 shares of the company’s stock worth $25,143,000 after buying an additional 50,270 shares during the last quarter. 71.10% of the stock is currently owned by institutional investors.

Several brokerages have commented on SAM. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, April 26th. Jefferies Group LLC restated a “hold” rating and issued a $130.00 price objective (down from $145.00) on shares of Boston Beer Company, Inc. (The) in a report on Tuesday, April 18th. Cowen and Company restated an “underperform” rating and issued a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Monday. Finally, Susquehanna Bancshares Inc set a $154.00 price target on shares of Boston Beer Company, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, February 23rd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $151.25.

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Boston Beer Company, Inc. (The) Company Profile

The Boston Beer Company, Inc 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 selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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