Boston Beer Co. (SAM) Insider Martin F. Roper Sells 5,000 Shares
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 28th. The stock was sold at an average price of $150.07, for a total transaction of $750,350.00. Following the transaction, the insider now directly owns 37,273 shares in the company, valued at $5,593,559.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Boston Beer Co. (NYSE:SAM) opened at 155.26 on Monday. Boston Beer Co. has a one year low of $145.33 and a one year high of $260.51. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 23.25 and a beta of 0.64. The stock’s 50 day moving average is $173.89 and its 200-day moving average is $169.78.
Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, July 21st. The company reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.12. The company had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $238.87 million. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. On average, equities research analysts expect that Boston Beer Co. will post $6.46 earnings per share for the current fiscal year.
Several brokerages have recently commented on SAM. Jefferies Group reaffirmed a “hold” rating and set a $151.00 target price (up from $145.00) on shares of Boston Beer in a report on Monday, July 25th. Zacks Investment Research cut shares of Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Susquehanna reiterated a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Cowen and Company lowered shares of Boston Beer from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $170.00 to $128.00 in a research report on Wednesday, September 21st. Finally, Credit Suisse Group AG started coverage on shares of Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $173.91.
Several hedge funds have recently made changes to their positions in SAM. Tower Research Capital LLC TRC boosted its stake 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 worth $165,000 after buying an additional 68 shares during the last quarter. Advisor Group Inc. acquired a new stake in shares of Boston Beer during the second quarter worth approximately $199,000. Teacher Retirement System of Texas boosted its stake 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 worth $217,000 after buying an additional 145 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Boston Beer during the second quarter worth approximately $218,000. Finally, Pacad Investment Ltd. acquired a new stake in shares of Boston Beer during the second quarter worth approximately $222,000. Institutional investors 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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