Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the company’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $154.94, for a total value of $774,700.00. Following the completion of the sale, the insider now owns 37,273 shares of the company’s stock, valued at approximately $5,775,078.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Boston Beer Co. (NYSE:SAM) opened at 155.03 on Thursday. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The firm has a 50-day moving average price of $171.10 and a 200 day moving average price of $168.95. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 23.22 and a beta of 0.64.
Boston Beer (NYSE:SAM) last released its 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 company earned $244.80 million during the quarter, compared to analysts’ expectations 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 year.
Large investors have recently added to or reduced their stakes in the stock. Tybourne Capital Management HK Ltd. boosted its stake in Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock valued at $140,544,000 after buying an additional 206,716 shares during the period. Vanguard Group Inc. boosted its stake in shares of Boston Beer by 1.7% in the second quarter. Vanguard Group Inc. now owns 676,685 shares of the company’s stock worth $115,734,000 after buying an additional 11,328 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Boston Beer by 0.3% in the second quarter. BlackRock Fund Advisors now owns 452,873 shares of the company’s stock worth $77,455,000 after buying an additional 1,534 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Boston Beer by 0.3% in the second quarter. Fisher Asset Management LLC now owns 345,673 shares of the company’s stock worth $59,024,000 after buying an additional 950 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Boston Beer by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 332,033 shares of the company’s stock worth $56,788,000 after buying an additional 18,034 shares during the period. 65.23% of the stock is owned by institutional investors.
SAM has been the subject of several analyst reports. William Blair initiated coverage on Boston Beer in a report on Wednesday, September 21st. They set an “outperform” rating for the company. Jefferies Group reaffirmed a “hold” rating on shares of Boston Beer in a report on Wednesday, August 10th. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Credit Suisse Group AG initiated coverage on Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 target price for the company. Finally, Cowen and Company downgraded Boston Beer from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $170.00 to $128.00 in a report on Wednesday, September 21st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $173.91.
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.
Receive News & Ratings for Boston Beer Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Co. and related companies with MarketBeat.com's FREE daily email newsletter.