Boston Beer Company Inc (SAM) Insider Martin F. Roper Sells 10,000 Shares
Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of Boston Beer stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $191.61, for a total value of $1,916,100.00. Following the transaction, the insider now owns 42,273 shares of the company’s stock, valued at approximately $8,099,929.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Boston Beer Company Inc (NYSE:SAM) traded down $2.25 during trading on Friday, hitting $188.85. The company had a trading volume of 114,900 shares, compared to its average volume of 119,550. Boston Beer Company Inc has a 1 year low of $128.70 and a 1 year high of $197.05. The stock has a market cap of $2,220.00, a price-to-earnings ratio of 25.76, a PEG ratio of 5.45 and a beta of 0.58.
Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The firm had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. During the same quarter in the previous year, the business earned $2.48 EPS. Boston Beer’s revenue for the quarter was down 2.5% compared to the same quarter last year. equities research analysts anticipate that Boston Beer Company Inc will post 6.22 EPS for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective for the company in a research note on Thursday, January 11th. Jefferies Group reiterated a “hold” rating and set a $175.00 price objective on shares of Boston Beer in a research note on Thursday, January 4th. TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Credit Suisse Group lifted their price objective on Boston Beer from $150.00 to $151.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, Susquehanna Bancshares lowered Boston Beer from a “positive” rating to a “neutral” rating and cut their price target for the company from $216.00 to $183.00 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $158.55.
ILLEGAL ACTIVITY NOTICE: “Boston Beer Company Inc (SAM) Insider Martin F. Roper Sells 10,000 Shares” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/01/19/boston-beer-company-inc-sam-insider-martin-f-roper-sells-10000-shares.html.
About Boston Beer
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.
Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.