Insider Selling: Boston Beer (NYSE:SAM) Director Sells $642,033.60 in Stock

The Boston Beer Company, Inc. (NYSE:SAM) Director Michael Spillane sold 3,120 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total transaction of $642,033.60. Following the completion of the transaction, the director owned 10,877 shares in the company, valued at $2,238,269.06. This represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $199.51 on Friday. The firm’s 50 day simple moving average is $218.84 and its 200-day simple moving average is $218.75. The Boston Beer Company, Inc. has a one year low of $185.34 and a one year high of $329.55. The firm has a market cap of $2.13 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.47. The company had revenue of $537.49 million for the quarter, compared to analysts’ expectations of $542.97 million. Boston Beer had a return on equity of 12.29% and a net margin of 4.38%.Boston Beer’s revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.86 earnings per share. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAM. Teacher Retirement System of Texas boosted its holdings in Boston Beer by 34.8% in the first quarter. Teacher Retirement System of Texas now owns 6,472 shares of the company’s stock worth $1,546,000 after acquiring an additional 1,671 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Boston Beer by 7.6% during the first quarter. Northern Trust Corp now owns 86,791 shares of the company’s stock valued at $20,729,000 after acquiring an additional 6,159 shares in the last quarter. Invesco Ltd. raised its position in shares of Boston Beer by 10.3% in the 1st quarter. Invesco Ltd. now owns 109,259 shares of the company’s stock valued at $26,095,000 after purchasing an additional 10,241 shares during the last quarter. Diversified Trust Co acquired a new stake in Boston Beer in the 2nd quarter worth approximately $313,000. Finally, Redwood Investment Management LLC grew its position in Boston Beer by 25.1% during the 1st quarter. Redwood Investment Management LLC now owns 15,372 shares of the company’s stock worth $3,671,000 after purchasing an additional 3,085 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SAM. Morgan Stanley decreased their price objective on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Citigroup downgraded shares of Boston Beer from a “buy” rating to a “neutral” rating and cut their target price for the company from $255.00 to $235.00 in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a report on Wednesday, October 8th. UBS Group increased their price objective on shares of Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Evercore ISI cut their price objective on shares of Boston Beer from $275.00 to $250.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $250.65.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.