Boston Beer Co. (SAM) Insider Sells $811,200.00 in Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $162.24, for a total transaction of $811,200.00. Following the completion of the transaction, the insider now owns 37,273 shares in the company, valued at $6,047,171.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Boston Beer Co. (NYSE:SAM) opened at 151.32 on Friday. The company’s 50-day moving average is $178.87 and its 200-day moving average is $171.14. The company has a market cap of $1.86 billion, a price-to-earnings 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 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 net margin of 9.22% and a return on equity of 19.60%. Equities research analysts predict that Boston Beer Co. will post $6.50 earnings per share for the current year.
A number of research firms have weighed in on SAM. William Blair assumed coverage on shares of Boston Beer in a research note on Wednesday. They issued an “outperform” rating on the stock. Jefferies Group reissued a “hold” rating and issued a $151.00 price target (up previously from $145.00) on shares of Boston Beer in a research report on Monday, July 25th. Zacks Investment Research lowered shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Cowen and Company lowered shares of Boston Beer from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $170.00 to $128.00 in a research report on Wednesday. Finally, Susquehanna reissued a “neutral” rating on shares of Boston Beer in a research report on Sunday, July 17th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $173.91.
Hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new stake in shares of Boston Beer during the second quarter worth about $728,000. Schwab Charles Investment Management Inc. increased its stake in shares of Boston Beer by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,066 shares of the company’s stock worth $6,682,000 after buying an additional 1,698 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Boston Beer by 1.2% in the second quarter. Legal & General Group Plc now owns 2,230 shares of the company’s stock worth $373,000 after buying an additional 26 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Boston Beer during the second quarter worth about $11,317,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Boston Beer by 1.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,906 shares of the company’s stock worth $2,549,000 after buying an additional 192 shares during the last quarter. 65.23% of the stock is currently owned by hedge funds and other institutional investors.
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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