Insider Selling: Boston Beer Insider Sells 10,000 Shares of Stock (SAM)
Boston Beer (NYSE:SAM) Insider Martin F. Roper sold 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $220.46, for a total value of $2,204,600.00. Following the completion of the transaction, the insider now directly owns 1,030 shares in the company, valued at approximately $227,074. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Boston Beer (NYSE:SAM) traded up 0.47% on Wednesday, hitting $221.72. 18,891 shares of the company’s stock traded hands. Boston Beer has a one year low of $138.07 and a one year high of $265.53. The stock’s 50-day moving average is $229.9 and its 200-day moving average is $224.7. The company has a market cap of $2.824 billion and a price-to-earnings ratio of 43.30.
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 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. Analysts expect that Boston Beer will post $5.38 EPS for the current fiscal year.
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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $233.37.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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