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 stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $150.07, for a total transaction of $750,350.00. Following the completion of the sale, the insider now owns 37,273 shares of the company’s stock, valued at approximately $5,593,559.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Boston Beer Co. (NYSE:SAM) opened at 151.61 on Friday. The stock has a market cap of $1.87 billion, a PE ratio of 22.70 and a beta of 0.69. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The firm has a 50-day moving average of $174.71 and a 200 day moving average of $170.00.
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, beating analysts’ consensus estimates of $1.94 by $0.12. The business earned $244.80 million during the quarter, compared to analyst estimates of $238.87 million. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. Analysts anticipate that Boston Beer Co. will post $6.46 EPS for the current year.
A number of analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Boston Beer in a report on Wednesday, September 21st. They set an “outperform” rating for the company. Credit Suisse Group AG assumed coverage on shares of Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price target for the company. Susquehanna restated a “hold” rating and set a $165.00 price target on shares of Boston Beer in a report on Sunday, July 3rd. Cowen and Company downgraded shares of Boston Beer from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $170.00 to $128.00 in a report on Wednesday, September 21st. Finally, Jefferies Group restated a “hold” rating on shares of Boston Beer in a report on Wednesday, August 10th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Boston Beer presently has an average rating of “Hold” and an average price target of $173.91.
Several institutional investors have recently bought and sold shares of the stock. Tybourne Capital Management HK Ltd. raised its position in 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 in the last quarter. Metropolitan Life Insurance Co. NY raised its position in 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 in the last quarter. BlackRock Inc. raised its position in 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 in the last quarter. Goldman Sachs Group Inc. raised its position in 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 in the last quarter. Finally, Champlain Investment Partners LLC raised its position in Boston Beer by 42.8% in the first quarter. Champlain Investment Partners LLC now owns 248,037 shares of the company’s stock worth $45,904,000 after buying an additional 74,349 shares in the last quarter. 65.23% of the stock is owned by institutional investors and hedge funds.
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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