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 26th. The shares were sold at an average price of $188.57, for a total value of $1,885,700.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Boston Beer Company Inc (SAM) traded up $1.80 during midday trading on Monday, reaching $191.45. The company had a trading volume of 138,912 shares, compared to its average volume of 123,522. Boston Beer Company Inc has a 1 year low of $128.70 and a 1 year high of $197.05. The firm has a market cap of $2,230.28, a P/E ratio of 26.04, a P/E/G ratio of 5.41 and a beta of 0.58.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The firm had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. During the same period in the prior year, the company earned $2.48 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. equities analysts predict that Boston Beer Company Inc will post 6.22 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC raised its stake in Boston Beer by 9.4% in the 2nd quarter. Voya Investment Management LLC now owns 4,104 shares of the company’s stock valued at $542,000 after purchasing an additional 354 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Boston Beer in the 3rd quarter worth $237,000. Profit Investment Management LLC increased its stake in shares of Boston Beer by 27.0% in the 3rd quarter. Profit Investment Management LLC now owns 13,785 shares of the company’s stock worth $2,153,000 after acquiring an additional 2,932 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Boston Beer by 104.8% in the 3rd quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock worth $20,738,000 after acquiring an additional 67,940 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Boston Beer in the 3rd quarter worth $718,000. 76.36% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on SAM. Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 target price on the stock in a research report on Thursday, January 11th. Berenberg Bank upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Jefferies Group reiterated a “hold” rating and set a $175.00 target price on shares of Boston Beer in a research report on Thursday, January 4th. Stifel Nicolaus began coverage on Boston Beer in a research note on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price objective for the company. Finally, Credit Suisse Group increased their price objective on Boston Beer from $150.00 to $151.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $158.55.

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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)

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