Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $186.81, for a total transaction of $1,868,100.00. Following the sale, the insider now directly owns 42,273 shares of the company’s stock, valued at approximately $7,897,019.13. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Boston Beer Company Inc (SAM) opened at $191.80 on Wednesday. Boston Beer Company Inc has a 52-week low of $128.70 and a 52-week high of $197.05. The stock has a market cap of $2,260.00, a price-to-earnings ratio of 26.17, a P/E/G ratio of 5.66 and a beta of 0.58.
Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. During the same quarter last year, the firm posted $2.48 EPS. Boston Beer’s revenue was down 2.5% compared to the same quarter last year. 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 recent analyst reports. Credit Suisse Group raised shares of Boston Beer from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $140.00 to $150.00 in a research report on Tuesday, September 26th. Macquarie initiated coverage on shares of Boston Beer in a research report on Thursday, September 14th. They set an “underperform” rating and a $140.00 price objective for the company. Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $175.00 price objective on shares of Boston Beer in a research report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Boston Beer has a consensus rating of “Hold” and an average target price of $155.45.
Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Boston Beer by 95.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after acquiring an additional 411 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Boston Beer by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after acquiring an additional 145 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Boston Beer during the 3rd quarter worth $203,000. Cubist Systematic Strategies LLC boosted its holdings in Boston Beer by 5.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after acquiring an additional 76 shares during the last quarter. Finally, Shaker Investments LLC OH purchased a new position in Boston Beer during the 3rd quarter worth $209,000. 75.83% of the stock is currently owned by hedge funds and other institutional investors.
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About Boston Beer
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.
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