Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $164.69, for a total value of $823,450.00. Following the sale, the insider now owns 37,273 shares in the company, valued at $6,138,490.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Boston Beer Co. (NYSE:SAM) opened at 158.19 on Tuesday. The firm’s 50-day moving average price is $181.29 and its 200 day moving average price is $171.76. The stock has a market capitalization of $1.95 billion, a P/E ratio of 23.69 and a beta of 0.69. Boston Beer Co. has a 12-month low of $145.33 and a 12-month high of $260.51.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.12. The business had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. On average, equities analysts anticipate that Boston Beer Co. will post $6.53 EPS for the current year.

Several brokerages have recently weighed in on SAM. Jefferies Group reiterated a “hold” rating and issued a $151.00 price target (up from $145.00) on shares of Boston Beer in a report on Monday, July 25th. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Susquehanna reiterated a “neutral” rating on shares of Boston Beer in a report on Sunday, July 17th. Finally, Credit Suisse Group AG began coverage on Boston Beer in a report on Thursday, September 15th. They issued an “underperform” rating and a $156.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $176.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Boston Beer by 7.6% in the second quarter. Tower Research Capital LLC TRC now owns 965 shares of the company’s stock valued at $165,000 after buying an additional 68 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Boston Beer during the second quarter valued at $199,000. Squarepoint Ops LLC bought a new position in shares of Boston Beer during the first quarter valued at $220,000. Teacher Retirement System of Texas boosted its position in shares of Boston Beer by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 1,267 shares of the company’s stock valued at $217,000 after buying an additional 145 shares in the last quarter. Finally, Diversified Trust Co bought a new position in shares of Boston Beer during the second quarter valued at $218,000. Institutional investors and hedge funds own 65.34% of the company’s stock.

Boston Beer Company Profile

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. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment.

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