Boston Beer Insider Sells $2,211,700 in Stock (SAM)
Boston Beer (NYSE:SAM) Insider Martin F. Roper sold 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $221.17, for a total transaction of $2,211,700.00. Following the sale, the insider now directly owns 1,030 shares of the company’s stock, valued at approximately $227,805. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, October 30th. The company reported $1.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.82 by $0.07. The company had revenue of $216.40 million for the quarter, compared to the consensus estimate of $200.42 million. During the same quarter in the prior year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Boston Beer in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $251.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Boston Beer from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $261.20 price target on the stock. Finally, analysts at Williams Capital upgraded shares of Boston Beer from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 4th. They now have a $263.00 price target on the stock, up previously from $210.00. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Boston Beer currently has a consensus rating of “Hold” and an average target price of $233.37.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.