Boston Beer Insider Unloads $2,195,100 in Stock (SAM)
Boston Beer (NYSE:SAM) Insider Martin F. Roper sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $219.51, for a total value of $2,195,100.00. Following the transaction, the insider now directly owns 1,030 shares of the company’s stock, valued at approximately $226,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $233.37.
Shares of Boston Beer (NYSE:SAM) traded down 0.11% on Friday, hitting $219.50. The stock had a trading volume of 32,556 shares. Boston Beer has a 52 week low of $138.07 and a 52 week high of $265.53. The stock’s 50-day moving average is $231.1 and its 200-day moving average is $223.3. The company has a market cap of $2.796 billion and a P/E ratio of 43.11.
Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, October 30th. The company reported $1.89 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Analysts expect that Boston Beer will post $5.38 EPS for the current fiscal year.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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