Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $189.29, for a total value of $1,892,900.00. Following the completion of the sale, the insider now owns 42,273 shares in the company, valued at approximately $8,001,856.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Boston Beer Company Inc (NYSE SAM) opened at $188.85 on Friday. Boston Beer Company Inc has a 12-month low of $128.70 and a 12-month high of $197.05. The firm has a market capitalization of $2,220.00, a PE ratio of 25.76, a P/E/G ratio of 5.45 and a beta of 0.58.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million for the quarter, compared to the consensus estimate of $256.73 million. During the same quarter last year, the company earned $2.48 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. equities analysts predict that Boston Beer Company Inc will post 6.22 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors boosted its position in Boston Beer by 0.3% during the second quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock valued at $2,750,000 after purchasing an additional 67 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Boston Beer by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after purchasing an additional 76 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Boston Beer by 5.7% during the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock valued at $246,000 after purchasing an additional 100 shares in the last quarter. Victory Capital Management Inc. boosted its position in Boston Beer by 17.6% during the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after purchasing an additional 145 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Boston Beer by 4.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,654 shares of the company’s stock valued at $483,000 after purchasing an additional 161 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the company. 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 note on Thursday, January 11th. Stifel Nicolaus initiated coverage on Boston Beer in a research report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price target on the stock. Credit Suisse Group increased their price target on Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Citigroup increased their price target on Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Susquehanna Bancshares downgraded 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 report 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’s stock. The stock presently has a consensus rating of “Hold” and an average 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.
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