Insider Selling: Boston Beer Company Inc (SAM) Insider Sells 10,000 Shares of Stock

Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $188.07, for a total transaction of $1,880,700.00. Following the completion of the transaction, the insider now owns 42,273 shares in the company, valued at approximately $7,950,283.11. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Boston Beer Company Inc (NYSE:SAM) traded down $0.80 on Monday, reaching $188.10. 71,439 shares of the company’s stock traded hands, compared to its average volume of 117,510. The company has a market cap of $2,210.00, a PE ratio of 25.66, a P/E/G ratio of 5.39 and a beta of 0.58. Boston Beer Company Inc has a 1-year low of $128.70 and a 1-year high of $197.05.

Boston Beer (NYSE:SAM) last posted its 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 business had revenue of $247.04 million for the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 EPS. sell-side analysts anticipate that Boston Beer Company Inc will post 6.22 earnings per share for the current year.

A number of equities analysts recently issued reports on SAM shares. TheStreet upgraded shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research note on Monday, October 30th. Jefferies Group reiterated a “hold” rating and issued a $175.00 price target on shares of Boston Beer in a research note on Thursday, January 4th. Berenberg Bank upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Stifel Nicolaus started coverage on shares of Boston Beer in a research note on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $158.55.

A number of institutional investors and hedge funds have recently bought and sold shares of SAM. Schwab Charles Investment Management Inc. lifted its stake in Boston Beer by 3.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,387 shares of the company’s stock valued at $6,527,000 after acquiring an additional 1,481 shares during the period. Legal & General Group Plc lifted its stake in Boston Beer by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 6,726 shares of the company’s stock valued at $890,000 after acquiring an additional 1,127 shares during the period. Victory Capital Management Inc. lifted its stake in Boston Beer by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after acquiring an additional 145 shares during the period. Principal Financial Group Inc. lifted its stake in Boston Beer by 9.2% during the 2nd quarter. Principal Financial Group Inc. now owns 39,820 shares of the company’s stock valued at $5,262,000 after acquiring an additional 3,353 shares during the period. Finally, Swiss National Bank lifted its stake in Boston Beer by 3.9% during the 2nd quarter. Swiss National Bank now owns 15,800 shares of the company’s stock valued at $2,088,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Boston Beer Company Inc (SAM) Insider Sells 10,000 Shares of Stock” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/22/insider-selling-boston-beer-company-inc-sam-insider-sells-10000-shares-of-stock-3.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.

Insider Buying and Selling by Quarter for Boston Beer (NYSE:SAM)

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.

Leave a Reply