Martin F. Roper Sells 5,000 Shares of Boston Beer Co. (SAM) Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of Boston Beer stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $166.98, for a total value of $834,900.00. Following the completion of the sale, the insider now directly owns 37,273 shares of the company’s stock, valued at approximately $6,223,845.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Boston Beer Co. (NYSE:SAM) opened at 158.19 on Tuesday. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The stock’s 50 day moving average price is $181.29 and its 200-day moving average price is $171.76. The company has a market cap of $1.95 billion, a P/E ratio of 23.69 and a beta of 0.69.
Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $244.80 million for the quarter, compared to the consensus estimate of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. Equities research analysts expect that Boston Beer Co. will post $6.53 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SAM. Tybourne Capital Management HK Ltd. increased its position in Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock worth $140,544,000 after buying an additional 206,716 shares in the last quarter. Vanguard Group Inc. increased its position in Boston Beer by 1.7% in the second quarter. Vanguard Group Inc. now owns 676,685 shares of the company’s stock worth $115,734,000 after buying an additional 11,328 shares in the last quarter. BlackRock Fund Advisors increased its position in Boston Beer by 0.3% in the second quarter. BlackRock Fund Advisors now owns 452,873 shares of the company’s stock worth $77,455,000 after buying an additional 1,534 shares in the last quarter. Fisher Asset Management LLC increased its position in Boston Beer by 0.3% in the second quarter. Fisher Asset Management LLC now owns 345,673 shares of the company’s stock worth $59,024,000 after buying an additional 950 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Boston Beer by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 332,033 shares of the company’s stock worth $56,788,000 after buying an additional 18,034 shares in the last quarter. 65.34% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the company. Jefferies Group reissued a “hold” rating and issued a $151.00 price objective (up previously from $145.00) on shares of Boston Beer in a report on Monday, July 25th. Zacks Investment Research lowered Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Susquehanna reissued a “neutral” rating on shares of Boston Beer in a report on Sunday, July 17th. Finally, Credit Suisse Group AG assumed coverage on Boston Beer in a report on Thursday, September 15th. They issued an “underperform” rating and a $156.00 price objective for the company. Three analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Boston Beer currently has a consensus rating of “Hold” and a consensus price target of $176.00.
About Boston Beer
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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