Boston Beer Co. (SAM) Insider Martin F. Roper Sells 5,000 Shares of Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $150.48, for a total transaction of $752,400.00. Following the sale, the insider now directly owns 37,273 shares in the company, valued at approximately $5,608,841.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Boston Beer Co. (NYSE:SAM) opened at 150.79 on Thursday. The firm’s 50-day moving average is $175.57 and its 200 day moving average is $170.13. Boston Beer Co. has a one year low of $145.33 and a one year high of $260.51. The company has a market capitalization of $1.86 billion, a PE ratio of 22.58 and a beta of 0.69.
Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.12. The company had revenue of $244.80 million for the quarter, compared to analyst estimates of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. On average, equities analysts expect that Boston Beer Co. will post $6.46 EPS for the current fiscal year.
A number of research firms recently issued reports on SAM. Cowen and Company downgraded shares of Boston Beer from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $170.00 to $128.00 in a research note on Wednesday, September 21st. William Blair began coverage on shares of Boston Beer in a research note on Wednesday, September 21st. They set an “outperform” rating on the stock. Credit Suisse Group AG began coverage on shares of Boston Beer in a research note on Thursday, September 15th. They set an “underperform” rating and a $156.00 price target on the stock. Susquehanna reaffirmed a “hold” rating on shares of Boston Beer in a research note on Monday, August 22nd. Finally, Jefferies Group reissued a “hold” rating on shares of Boston Beer in a research note on Wednesday, August 10th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $173.91.
A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in Boston Beer by 7.6% in the second quarter. Tower Research Capital LLC TRC now owns 965 shares of the company’s stock valued at $165,000 after buying an additional 68 shares during the period. Advisor Group Inc. bought a new stake in Boston Beer during the second quarter worth approximately $199,000. Teacher Retirement System of Texas raised its stake in 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 bought a new stake in Boston Beer during the second quarter worth approximately $218,000. Finally, Pacad Investment Ltd. bought a new stake in Boston Beer during the second quarter worth approximately $222,000. 65.23% of the stock is currently owned by institutional investors.
About Boston Beer
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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