Boston Beer Co. (SAM) Insider Sells $332,523.12 in Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 2,157 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $154.16, for a total value of $332,523.12. Following the sale, the insider now owns 34,430 shares in the company, valued at approximately $5,307,728.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Boston Beer Co. (NYSE:SAM) opened at 157.44 on Monday. The company has a market cap of $1.94 billion, a PE ratio of 23.58 and a beta of 0.64. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The firm’s 50-day moving average price is $169.30 and its 200-day moving average price is $168.63.
Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.12. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. The firm had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $238.87 million. Equities analysts predict that Boston Beer Co. will post $6.46 EPS for the current fiscal year.
A number of brokerages have recently weighed in on SAM. Jefferies Group reiterated a “hold” rating and issued a $151.00 target price (up previously 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 “hold” rating on shares of Boston Beer in a report on Monday, August 22nd. Cowen and Company downgraded Boston Beer from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $170.00 to $128.00 in a report on Wednesday, September 21st. 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 target price on the stock. Four 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 has an average rating of “Hold” and an average target price of $173.91.
A number of institutional investors have recently modified their holdings of SAM. Tybourne Capital Management HK Ltd. boosted its position in shares of 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 during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Boston Beer by 1.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,714 shares of the company’s stock worth $2,723,000 after buying an additional 171 shares during the period. BlackRock Inc. boosted its position in shares of Boston Beer by 4.8% in the first quarter. BlackRock Inc. now owns 3,684 shares of the company’s stock worth $682,000 after buying an additional 168 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Boston Beer by 124.7% in the first quarter. Goldman Sachs Group Inc. now owns 51,809 shares of the company’s stock worth $9,588,000 after buying an additional 28,751 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Boston Beer by 1.8% in the first quarter. Teachers Advisors Inc. now owns 13,580 shares of the company’s stock worth $2,513,000 after buying an additional 242 shares during the period. Hedge funds and other 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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