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 22nd. The shares were sold at an average price of $152.69, for a total transaction of $763,450.00. Following the transaction, the insider now directly owns 37,273 shares in the company, valued at $5,691,214.37. The sale 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 152.30 on Friday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 22.81 and a beta of 0.69. The stock’s 50 day moving average is $178.10 and its 200 day moving average is $170.80. Boston Beer Co. has a 1-year low of $145.33 and a 1-year high of $260.51.
Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.12. The company had revenue of $244.80 million for the quarter, compared to analyst estimates of $238.87 million. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. Equities analysts predict that Boston Beer Co. will post $6.50 earnings per share for the current year.
Several equities analysts recently issued reports on SAM shares. William Blair started coverage on shares of Boston Beer in a report on Wednesday. They set an “outperform” rating on the stock. Credit Suisse Group AG started coverage on shares of Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price objective on the stock. Susquehanna reissued a “hold” rating and set a $165.00 price objective on shares of Boston Beer in a report on Sunday, July 3rd. Cowen and Company lowered shares of Boston Beer from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $170.00 to $128.00 in a report on Wednesday. Finally, Jefferies Group reissued a “hold” rating on shares of Boston Beer in a report on Wednesday, August 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $173.91.
A number of large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new stake in Boston Beer during the second quarter worth about $728,000. Schwab Charles Investment Management Inc. raised its stake in Boston Beer by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,066 shares of the company’s stock worth $6,682,000 after buying an additional 1,698 shares during the period. Legal & General Group Plc raised 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 worth $373,000 after buying an additional 26 shares during the period. Fiera Capital Corp acquired a new stake in Boston Beer during the second quarter worth about $11,317,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Boston Beer by 1.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,906 shares of the company’s stock worth $2,549,000 after buying an additional 192 shares during the period. 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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