Boston Beer Co. (SAM) Insider Martin F. Roper Sells 2,157 Shares
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 2,157 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $154.16, for a total transaction of $332,523.12. Following the completion of the sale, the insider now owns 34,430 shares in the company, valued at approximately $5,307,728.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Boston Beer Co. (NYSE:SAM) opened at 155.03 on Thursday. The firm has a 50-day moving average of $171.10 and a 200-day moving average of $168.95. The company has a market capitalization of $1.91 billion, a P/E ratio of 23.22 and a beta of 0.64. 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 results on Thursday, July 21st. The company reported $2.06 EPS for the quarter, beating the Thomson Reuters’ 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%. Analysts forecast that Boston Beer Co. will post $6.46 earnings per share for the current year.
SAM has been the topic of several research reports. William Blair initiated coverage on shares of Boston Beer in a report on Wednesday, September 21st. They issued an “outperform” rating on the stock. Jefferies Group restated a “hold” rating on shares of Boston Beer in a report on Wednesday, August 10th. Zacks Investment Research cut shares of Boston Beer from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. 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. Finally, Cowen and Company cut shares of Boston Beer from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $170.00 to $128.00 in a research note on Wednesday, September 21st. Four equities 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 stock. Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $173.91.
Hedge funds have recently made changes to their positions in the stock. Curbstone Financial Management Corp raised its stake in shares of Boston Beer by 5.3% in the third quarter. Curbstone Financial Management Corp now owns 3,200 shares of the company’s stock valued at $497,000 after buying an additional 160 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Boston Beer during the second quarter valued at approximately $728,000. Schwab Charles Investment Management Inc. raised its stake in shares of Boston Beer by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,066 shares of the company’s stock valued at $6,682,000 after buying an additional 1,698 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Boston Beer by 1.2% in the second quarter. Legal & General Group Plc now owns 2,230 shares of the company’s stock valued at $373,000 after buying an additional 26 shares in the last quarter. Finally, Fiera Capital Corp bought a new stake in shares of Boston Beer during the second quarter valued at approximately $11,317,000. 65.23% of the stock is currently owned by institutional investors and hedge funds.
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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