Boston Beer Co. (SAM) Insider Sells $774,700.00 in 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 30th. The stock was sold at an average price of $154.94, for a total value of $774,700.00. Following the transaction, the insider now directly owns 37,273 shares in the company, valued at $5,775,078.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Boston Beer Co. (NYSE:SAM) opened at 154.66 on Tuesday. The company’s 50-day moving average price is $173.09 and its 200-day moving average price is $169.32. The company has a market capitalization of $1.90 billion, a P/E ratio of 23.16 and a beta of 0.64. Boston Beer Co. has a 52 week low of $145.33 and a 52 week high of $260.51.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 21st. The company reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.12. The business 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 forecast that Boston Beer Co. will post $6.46 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Cowen and Company lowered Boston Beer from a “market perform” rating to an “underperform” rating and cut their target price for the company from $170.00 to $128.00 in a research report on Wednesday, September 21st. William Blair assumed coverage on Boston Beer in a research report on Wednesday, September 21st. They issued an “outperform” rating on the stock. Credit Suisse Group AG assumed coverage on Boston Beer in a research report on Thursday, September 15th. They issued an “underperform” rating and a $156.00 target price on the stock. Susquehanna reaffirmed a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Boston Beer in a research report on Wednesday, August 10th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $173.91.
Several hedge funds and other institutional investors have recently modified their holdings of SAM. 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 worth $165,000 after buying an additional 68 shares during the period. Advisor Group Inc. acquired a new stake in Boston Beer during the second quarter worth about $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 period. Diversified Trust Co acquired a new stake in Boston Beer during the second quarter worth about $218,000. Finally, Pacad Investment Ltd. acquired a new stake in Boston Beer during the second quarter worth about $222,000. 65.23% of the stock is currently 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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