Insider Selling: C James Koch Sells 4,000 Shares of Boston Beer Stock (SAM)
Boston Beer (NYSE:SAM) major shareholder C James Koch sold 4,000 shares of Boston Beer stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $231.84, for a total transaction of $927,360.00. Following the completion of the sale, the insider now directly owns 63,232 shares in the company, valued at approximately $14,659,707. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
A number of research firms have recently commented on SAM. Analysts at Williams Capital raised their price target on shares of Boston Beer from $260.00 to $284.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Analysts at Credit Agricole upgraded shares of Boston Beer from an “underperform” rating to an “outperform” rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $253.67.
Boston Beer (NYSE:SAM) traded down 1.27% during mid-day trading on Tuesday, hitting $227.92. 31,178 shares of the company’s stock traded hands. Boston Beer has a 52 week low of $201.71 and a 52 week high of $265.53. The stock’s 50-day moving average is $224.5 and its 200-day moving average is $227.8. The company has a market cap of $2.955 billion and a P/E ratio of 40.44.
Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, July 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.09. The company had revenue of $231.60 million for the quarter, compared to the consensus estimate of $224.70 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts expect that Boston Beer will post $6.50 EPS for the current fiscal year.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
Receive News & Ratings for Boston Beer Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Co and related companies with Analyst Ratings Network's FREE daily email newsletter.