Martin F. Roper Sells 773 Shares of Boston Beer Company Inc (SAM) Stock

Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 773 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $190.62, for a total transaction of $147,349.26. Following the sale, the insider now directly owns 33,046 shares of the company’s stock, valued at $6,299,228.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Boston Beer Company Inc (NYSE SAM) traded up $1.80 during trading hours on Monday, reaching $191.45. 138,912 shares of the company’s stock traded hands, 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 company has a market capitalization of $2,230.28, a P/E ratio of 26.04, a PEG ratio of 5.41 and a beta of 0.58.

Boston Beer (NYSE:SAM) last issued its earnings results 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 net margin of 9.97% and a return on equity of 21.11%. The firm had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. During the same quarter in the prior year, the firm earned $2.48 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. equities research analysts predict that Boston Beer Company Inc will post 6.22 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Boston Beer by 2.0% in the second quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock valued at $98,974,000 after purchasing an additional 14,951 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Boston Beer by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 416,414 shares of the company’s stock valued at $65,044,000 after purchasing an additional 18,116 shares in the last quarter. Fisher Asset Management LLC increased its stake in Boston Beer by 5.2% in the third quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock valued at $52,168,000 after purchasing an additional 16,431 shares in the last quarter. State Street Corp increased its stake in Boston Beer by 3.7% in the second quarter. State Street Corp now owns 292,523 shares of the company’s stock valued at $38,656,000 after purchasing an additional 10,312 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Boston Beer by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 240,364 shares of the company’s stock valued at $37,546,000 after purchasing an additional 13,181 shares in the last quarter. 76.36% of the stock is owned by hedge funds and other institutional investors.

SAM has been the subject of a number of recent research reports. 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 set a $175.00 price target on shares of Boston Beer in a research note on Thursday, January 4th. Susquehanna Bancshares downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $216.00 to $183.00 in a research note on Monday, November 13th. Finally, UBS Group downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the company. Boston Beer currently has a consensus rating of “Hold” and a consensus price target 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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