Martin F. Roper Sells 5,000 Shares of Boston Beer Co. (SAM) Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $152.19, for a total value of $760,950.00. Following the completion of the sale, the insider now owns 37,273 shares of the company’s stock, valued at approximately $5,672,577.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Boston Beer Co. (NYSE:SAM) opened at 150.79 on Thursday. The company’s 50 day moving average price is $175.57 and its 200 day moving average price is $170.13. Boston Beer Co. has a 52-week low of $145.33 and a 52-week high of $260.51. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 22.58 and a beta of 0.69.
Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.12. The firm earned $244.80 million during the quarter, compared to analysts’ expectations of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. On average, analysts predict that Boston Beer Co. will post $6.46 EPS for the current year.
SAM has been the topic of a number of analyst reports. William Blair initiated coverage on Boston Beer in a research note on Wednesday, September 21st. They issued an “outperform” rating on the stock. Credit Suisse Group AG initiated coverage on Boston Beer in a research note on Thursday, September 15th. They issued an “underperform” rating and a $156.00 price target on the stock. Susquehanna reaffirmed a “hold” rating and issued a $165.00 price target on shares of Boston Beer in a research note on Sunday, July 3rd. Cowen and Company cut Boston Beer from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $170.00 to $128.00 in a research note on Wednesday, September 21st. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Boston Beer in a research note on Wednesday, August 10th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $173.91.
Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted 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 worth $165,000 after buying an additional 68 shares during the last quarter. Advisor Group Inc. acquired a new stake in Boston Beer during the second quarter worth $199,000. Teacher Retirement System of Texas boosted 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 acquired a new stake in Boston Beer during the second quarter worth $218,000. Finally, Pacad Investment Ltd. acquired a new stake in Boston Beer during the second quarter worth $222,000. 65.23% of the stock is owned by hedge funds and other 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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