Martin F. Roper Sells 10,000 Shares of Boston Beer Company Inc (SAM) Stock
Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $192.05, for a total transaction of $1,920,500.00. Following the completion of the transaction, the insider now directly owns 42,273 shares of the company’s stock, valued at approximately $8,118,529.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Boston Beer Company Inc (SAM) traded down $0.30 during mid-day trading on Tuesday, hitting $190.20. 94,685 shares of the stock traded hands, compared to its average volume of 120,788. The company has a market capitalization of $2,240.28, a P/E ratio of 25.95, a P/E/G ratio of 5.44 and a beta of 0.58. Boston Beer Company Inc has a 12-month low of $128.70 and a 12-month high of $197.05.
Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.48 earnings per share. equities research analysts anticipate that Boston Beer Company Inc will post 6.22 earnings per share for the current year.
SAM has been the subject of several research reports. Credit Suisse Group raised shares of Boston Beer from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Jefferies Group reissued a “hold” rating and issued a $175.00 price objective on shares of Boston Beer in a research note on Thursday, January 4th. Finally, Susquehanna Bancshares downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $216.00 to $183.00 in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a strong buy rating to the company’s stock. Boston Beer presently has an average rating of “Hold” and a consensus price target of $158.55.
WARNING: “Martin F. Roper Sells 10,000 Shares of Boston Beer Company Inc (SAM) Stock” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/16/martin-f-roper-sells-10000-shares-of-boston-beer-company-inc-sam-stock-2.html.
Boston Beer Company Profile
The Boston Beer Company, Inc 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 selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.