Boston Beer Insider Sells $2,189,700 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 Friday, January 17th. The shares were sold at an average price of $218.97, for a total transaction of $2,189,700.00. Following the transaction, the insider now directly owns 1,030 shares of the company’s stock, valued at approximately $225,539. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
SAM has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Boston Beer presently has an average rating of “Hold” and an average price target of $233.37.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data 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 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.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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