Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of Boston Beer stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $150.97, for a total transaction of $754,850.00. Following the completion of the transaction, the insider now directly owns 37,273 shares in the company, valued at approximately $5,627,104.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Boston Beer Co. (NYSE:SAM) opened at 155.26 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 23.25 and a beta of 0.69. The firm has a 50-day moving average of $173.89 and a 200 day moving average of $169.78. Boston Beer Co. has a one year low of $145.33 and a one year high of $260.51.
Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.12. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. The firm had revenue of $244.80 million for the quarter, compared to analyst estimates of $238.87 million. Equities research analysts anticipate that Boston Beer Co. will post $6.46 EPS for the current year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Jefferies Group reissued 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. Susquehanna reissued a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Credit Suisse Group AG assumed coverage on shares of Boston Beer in a research report on Thursday, September 15th. They issued an “underperform” rating and a $156.00 price target on the stock. Finally, Cowen and Company lowered shares of Boston Beer from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $170.00 to $128.00 in a research report on Wednesday, September 21st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given 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 large investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its stake in Boston Beer by 0.4% in the second quarter. BlackRock Advisors LLC now owns 4,332 shares of the company’s stock valued at $741,000 after buying an additional 17 shares in the last quarter. Legal & General Group Plc increased its stake in 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. Cim LLC increased its stake in Boston Beer by 1.6% in the second quarter. Cim LLC now owns 1,868 shares of the company’s stock valued at $319,000 after buying an additional 30 shares in the last quarter. Comerica Bank increased its stake in Boston Beer by 0.9% in the second quarter. Comerica Bank now owns 4,981 shares of the company’s stock valued at $897,000 after buying an additional 43 shares in the last quarter. Finally, Invictus RG increased its stake in Boston Beer by 3.6% in the first quarter. Invictus RG now owns 1,392 shares of the company’s stock valued at $258,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 65.23% of the company’s stock.
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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