Boston Beer Co major shareholder C James Koch Sells 4,000 Shares (SAM)
Boston Beer Co (NYSE:SAM) major shareholder C James Koch unloaded 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $227.98, for a total transaction of $911,920.00. Following the completion of the transaction, the insider now directly owns 51,232 shares of the company’s stock, valued at approximately $11,679,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Boston Beer Co (NYSE:SAM) traded down 0.02% on Friday, hitting $228.00. The stock had a trading volume of 30,708 shares. Boston Beer Co has a 1-year low of $201.71 and a 1-year high of $265.53. The stock’s 50-day moving average is $225.1 and its 200-day moving average is $228.. The company has a market cap of $2.956 billion and a price-to-earnings ratio of 39.95.
Boston Beer Co (NYSE:SAM) last posted its quarterly 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. On average, analysts predict that Boston Beer Co will post $6.50 earnings per share for the current fiscal year.
A number of research firms have recently commented on SAM. Analysts at Zacks downgraded shares of Boston Beer Co from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $240.00 price target on the stock. Separately, analysts at Williams Capital raised their price target on shares of Boston Beer Co from $260.00 to $284.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Boston Beer Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $250.25.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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