Insider Selling: Boston Beer VP Sells 1,500 Shares of Stock (SAM)
Boston Beer (NYSE:SAM) VP Robert P. Pagano sold 1,500 shares of Boston Beer stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $230.67, for a total value of $346,005.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SAM shares. Analysts at Williams Capital cut their price target on shares of Boston Beer from $270.00 to $260.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of Boston Beer in a research note on Friday, February 28th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $244.04.
Shares of Boston Beer (NYSE:SAM) traded down 1.14% on Tuesday, hitting $230.77. 14,110 shares of the company’s stock traded hands. Boston Beer has a one year low of $145.85 and a one year high of $265.53. The stock’s 50-day moving average is $238.0 and its 200-day moving average is $233.7. The company has a market cap of $2.978 billion and a P/E ratio of 44.14.
Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, April 30th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.08. The company had revenue of $183.80 million for the quarter, compared to the consensus estimate of $179.14 million. On average, analysts predict that Boston Beer will post $6.34 earnings per share for the current fiscal year.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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