Boston Beer Co. (SAM) Insider Martin F. Roper Sells 5,000 Shares
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of Boston Beer stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $159.42, for a total transaction of $797,100.00. Following the completion of the transaction, the insider now directly owns 37,273 shares in the company, valued at approximately $5,942,061.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Boston Beer Co. (NYSE:SAM) opened at 151.06 on Thursday. The firm has a market capitalization of $1.86 billion, a PE ratio of 22.62 and a beta of 0.69. Boston Beer Co. has a 1-year low of $145.33 and a 1-year high of $260.51. The company has a 50 day moving average of $179.64 and a 200 day moving average of $171.28.
Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. The company had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $238.87 million. Analysts forecast that Boston Beer Co. will post $6.52 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Boston Beer by 8.6% in the first quarter. Legal & General Group Plc now owns 2,204 shares of the company’s stock worth $408,000 after buying an additional 175 shares during the last quarter. Invictus RG boosted its stake in Boston Beer by 3.6% in the first quarter. Invictus RG now owns 1,392 shares of the company’s stock worth $258,000 after buying an additional 49 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Boston Beer by 124.7% in the first quarter. Goldman Sachs Group Inc. now owns 51,809 shares of the company’s stock worth $9,588,000 after buying an additional 28,751 shares during the last quarter. Credit Agricole S A boosted its stake in Boston Beer by 8.9% in the first quarter. Credit Agricole S A now owns 6,039 shares of the company’s stock worth $1,118,000 after buying an additional 491 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Boston Beer by 42.8% in the first quarter. Champlain Investment Partners LLC now owns 248,037 shares of the company’s stock worth $45,904,000 after buying an additional 74,349 shares during the last quarter. 65.23% of the stock is currently owned by institutional investors.
SAM has been the topic of several research analyst reports. Credit Suisse Group AG initiated coverage on shares of Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 target price on the stock. Susquehanna reissued a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Cowen and Company downgraded shares of Boston Beer from a “market perform” rating to an “underperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $176.00.
Boston Beer Company Profile
The Boston Beer Company, Inc (Boston Beer) is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in international markets. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment.
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