Boston Beer Co. (SAM) Insider Sells $751,450.00 in Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $150.29, for a total value of $751,450.00. Following the completion of the transaction, the insider now directly owns 37,273 shares of the company’s stock, valued at $5,601,759.17. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Boston Beer Co. (NYSE:SAM) opened at 151.32 on Friday. The stock’s 50 day moving average price is $178.87 and its 200 day moving average price is $171.14. The firm has a market cap of $1.86 billion, a PE ratio of 22.66 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 quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.12. The business earned $244.80 million during 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%. On average, equities research analysts predict that Boston Beer Co. will post $6.50 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Susquehanna reissued a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Jefferies Group reissued a “hold” rating and set a $151.00 price target (up previously from $145.00) on shares of Boston Beer in a research report on Monday, July 25th. Cowen and Company downgraded Boston Beer from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $170.00 to $128.00 in a research report on Wednesday. Zacks Investment Research raised Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG assumed coverage on Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $173.91.
Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Boston Beer by 7.6% in the second quarter. Tower Research Capital LLC TRC now owns 965 shares of the company’s stock worth $165,000 after buying an additional 68 shares during the period. Advisor Group Inc. purchased a new stake in Boston Beer during the second quarter worth $199,000. Teacher Retirement System of Texas increased its stake in Boston Beer by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 1,267 shares of the company’s stock worth $217,000 after buying an additional 145 shares during the period. Diversified Trust Co purchased a new stake in Boston Beer during the second quarter worth $218,000. Finally, Squarepoint Ops LLC purchased a new stake in Boston Beer during the first quarter worth $220,000. Institutional investors and hedge funds own 65.23% 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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