Insider Selling: Boston Beer Co. (SAM) Insider Sells 5,000 Shares of Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $153.72, for a total value of $768,600.00. Following the completion of the transaction, the insider now directly owns 37,273 shares of the company’s stock, valued at $5,729,605.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Boston Beer Co. (NYSE:SAM) opened at 151.06 on Thursday. The firm’s 50-day moving average price is $179.64 and its 200-day moving average price is $171.28. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The firm has a market cap of $1.86 billion, a P/E ratio of 22.62 and a beta of 0.69.
Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.12. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. The firm earned $244.80 million during the quarter, compared to the consensus estimate of $238.87 million. On average, equities research analysts expect that Boston Beer Co. will post $6.52 EPS for the current fiscal year.
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SAM has been the topic of a number of research reports. William Blair initiated coverage on Boston Beer in a report on Wednesday. They issued an “outperform” rating on the stock. Jefferies Group restated a “hold” rating on shares of Boston Beer in a report on Wednesday, August 10th. Zacks Investment Research lowered Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Credit Suisse Group AG initiated coverage on Boston Beer in a report on Thursday, September 15th. They issued an “underperform” rating and a $156.00 price target on the stock. Finally, Cowen and Company lowered Boston Beer from a “market perform” rating to an “underperform” rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $176.00.
A number of hedge funds have recently modified their holdings of the company. Tybourne Capital Management HK Ltd. increased its stake in shares of Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock worth $140,544,000 after buying an additional 206,716 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Boston Beer by 1.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,714 shares of the company’s stock valued at $2,723,000 after buying an additional 171 shares in the last quarter. BlackRock Inc. increased its stake in shares of Boston Beer by 4.8% in the first quarter. BlackRock Inc. now owns 3,684 shares of the company’s stock valued at $682,000 after buying an additional 168 shares in the last quarter. Motley Fool Asset Management LLC purchased a new stake in shares of Boston Beer during the first quarter valued at approximately $7,373,000. Finally, Legal & General Group Plc increased its stake in shares of Boston Beer by 8.6% in the first quarter. Legal & General Group Plc now owns 2,204 shares of the company’s stock valued at $408,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 65.23% of the company’s stock.
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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