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 Boston Beer stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $151.40, for a total transaction of $757,000.00. Following the transaction, the insider now directly owns 37,273 shares in the company, valued at $5,643,132.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Boston Beer Co. (NYSE:SAM) opened at 151.61 on Friday. The stock has a 50 day moving average of $174.71 and a 200 day moving average of $170.00. The company 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 one year low of $145.33 and a one year high of $260.51.
Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.12. The company earned $244.80 million during the quarter, compared to the consensus estimate of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. On average, analysts anticipate that Boston Beer Co. will post $6.46 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of 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 period. Advisor Group Inc. acquired a new position in Boston Beer during the second quarter valued at $199,000. Teacher Retirement System of Texas increased its position 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 valued at $217,000 after buying an additional 145 shares during the last quarter. Diversified Trust Co acquired a new position in Boston Beer during the second quarter valued at $218,000. Finally, Pacad Investment Ltd. acquired a new position in Boston Beer during the second quarter valued at $222,000. Institutional investors own 65.23% of the company’s stock.
Several research analysts have commented on SAM shares. William Blair started coverage on shares of Boston Beer in a research note on Wednesday, September 21st. They set an “outperform” rating on the stock. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a research note on Wednesday, August 10th. Zacks Investment Research downgraded shares of Boston Beer from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Credit Suisse Group AG started 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. Finally, Cowen and Company downgraded shares of 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. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $173.91.
Boston Beer Company Profile
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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