Share on StockTwits

Boston Beer Co (NYSE:SAM) major shareholder C James Koch sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $227.98, for a total value of $911,920.00. Following the sale, the insider now directly owns 51,232 shares in the company, valued at approximately $11,679,871. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Boston Beer Co (NYSE:SAM) traded up 0.34% during mid-day trading on Friday, hitting $228.83. 71,908 shares of the company’s stock traded hands. Boston Beer Co has a 52-week low of $202.78 and a 52-week high of $265.53. The stock’s 50-day moving average is $225.3 and its 200-day moving average is $228.1. The company has a market cap of $2.967 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 for the quarter, beating the analysts’ 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 last year, the company posted $1.45 earnings per share. Boston Beer Co’s revenue was up 27.7% compared to the same quarter last year. Analysts expect that Boston Beer Co will post $6.50 EPS for the current fiscal year.

A number of analysts have recently weighed in on SAM shares. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Boston Beer Co 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.

Receive News & Ratings for Boston Beer Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Co Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.