Boston Beer Company Inc (SAM) Insider Sells $1,920,500.00 in Stock
Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $192.05, for a total transaction of $1,920,500.00. Following the completion of the transaction, the insider now owns 42,273 shares in the company, valued at $8,118,529.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Boston Beer Company Inc (NYSE:SAM) opened at $190.20 on Wednesday. Boston Beer Company Inc has a one year low of $128.70 and a one year high of $197.05. The company has a market cap of $2,240.00, a PE ratio of 25.95, a P/E/G ratio of 5.44 and a beta of 0.58.
Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The business had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. During the same quarter in the prior year, the business posted $2.48 earnings per share. Boston Beer’s revenue was down 2.5% compared to the same quarter last year. equities research analysts forecast that Boston Beer Company Inc will post 6.22 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Boston Beer by 2.0% during the second quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock worth $98,974,000 after purchasing an additional 14,951 shares during the period. Bank of New York Mellon Corp lifted its position in Boston Beer by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 416,414 shares of the company’s stock worth $65,044,000 after purchasing an additional 18,116 shares during the period. Fisher Asset Management LLC lifted its position in Boston Beer by 5.2% during the third quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock worth $52,168,000 after purchasing an additional 16,431 shares during the period. State Street Corp lifted its position in Boston Beer by 3.7% during the second quarter. State Street Corp now owns 292,523 shares of the company’s stock worth $38,656,000 after purchasing an additional 10,312 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Boston Beer by 5.8% during the third quarter. Dimensional Fund Advisors LP now owns 240,364 shares of the company’s stock worth $37,546,000 after purchasing an additional 13,181 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on SAM shares. Credit Suisse Group upgraded shares of Boston Beer from an “underperform” rating to a “neutral” rating and upped their price target for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Boston Beer from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup upped their price target on shares of Boston Beer from $165.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. TheStreet upgraded shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Finally, UBS Group downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a strong buy rating to the company. Boston Beer presently has a consensus rating of “Hold” and an average price target of $158.55.
Boston Beer Company Profile
The Boston Beer Company, Inc 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 selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
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