Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $153.72, for a total transaction of $768,600.00. Following the completion of the transaction, the insider now directly owns 37,273 shares in the company, valued at approximately $5,729,605.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Boston Beer Co. (NYSE:SAM) opened at 149.76 on Tuesday. Boston Beer Co. has a 1-year low of $145.33 and a 1-year high of $260.51. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.43 and a beta of 0.69. The company has a 50-day moving average of $177.25 and a 200-day moving average of $170.51.
Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.12. The business had revenue of $244.80 million for the quarter, compared to analysts’ expectations 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 $6.50 earnings per share for the current fiscal year.
Several brokerages recently weighed in on SAM. Jefferies Group reaffirmed a “hold” rating and issued a $151.00 price target (up previously from $145.00) on shares of Boston Beer in a research report on Monday, July 25th. Zacks Investment Research cut shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Susquehanna reissued a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Cowen and Company cut shares of Boston Beer from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $170.00 to $128.00 in a research report on Wednesday, September 21st. Finally, Credit Suisse Group AG assumed coverage on shares of Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $173.91.
A number of large investors have recently made changes to their positions in SAM. BlackRock Advisors LLC boosted its stake in shares of Boston Beer by 0.4% in the second quarter. BlackRock Advisors LLC now owns 4,332 shares of the company’s stock worth $741,000 after buying an additional 17 shares during the period. Legal & General Group Plc boosted 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 worth $373,000 after buying an additional 26 shares during the period. Cim LLC boosted its stake in shares of Boston Beer by 1.6% in the second quarter. Cim LLC now owns 1,868 shares of the company’s stock worth $319,000 after buying an additional 30 shares during the period. Comerica Bank boosted its stake in shares of Boston Beer by 0.9% in the second quarter. Comerica Bank now owns 4,981 shares of the company’s stock worth $897,000 after buying an additional 43 shares during the period. Finally, Invictus RG boosted its stake in shares of Boston Beer by 3.6% in the first quarter. Invictus RG now owns 1,392 shares of the company’s stock worth $258,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 65.23% of the company’s stock.
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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