Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 5,000 shares of Boston Beer stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $316.39, for a total value of $1,581,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
C James Koch also recently made the following trade(s):
- On Thursday, September 13th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $318.68, for a total value of $3,186,800.00.
Shares of SAM traded down $1.75 during mid-day trading on Monday, hitting $317.45. 4,444 shares of the company’s stock traded hands, compared to its average volume of 105,715. Boston Beer Company Inc has a 1 year low of $150.57 and a 1 year high of $329.95. The stock has a market capitalization of $3.80 billion, a PE ratio of 51.89, a price-to-earnings-growth ratio of 4.80 and a beta of 0.72.
Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 26th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.77 by ($0.79). Boston Beer had a net margin of 10.39% and a return on equity of 17.21%. The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $273.05 million. During the same period last year, the firm posted $2.35 earnings per share. Boston Beer’s quarterly revenue was up 10.2% on a year-over-year basis. analysts forecast that Boston Beer Company Inc will post 7.09 earnings per share for the current fiscal year.
A number of equities analysts have commented on SAM shares. Macquarie cut Boston Beer from a “neutral” rating to an “underperform” rating and set a $225.00 price target on the stock. in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Guggenheim started coverage on Boston Beer in a research note on Thursday. They issued a “buy” rating and a $381.00 price target on the stock. Berenberg Bank set a $290.00 price target on Boston Beer and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research cut Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, ValuEngine raised Boston Beer from a “hold” rating to a “buy” rating in a research note on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $258.85.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of Boston Beer by 14.0% during the second quarter. Amalgamated Bank now owns 1,376 shares of the company’s stock valued at $412,000 after buying an additional 169 shares during the period. Victory Capital Management Inc. increased its stake in shares of Boston Beer by 16.0% during the second quarter. Victory Capital Management Inc. now owns 1,631 shares of the company’s stock valued at $489,000 after buying an additional 225 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Boston Beer by 3.1% during the second quarter. Russell Investments Group Ltd. now owns 8,975 shares of the company’s stock valued at $2,688,000 after buying an additional 270 shares during the period. Vident Investment Advisory LLC increased its stake in shares of Boston Beer by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 18,677 shares of the company’s stock valued at $5,597,000 after buying an additional 279 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Boston Beer by 69.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock valued at $219,000 after buying an additional 300 shares during the period. 72.34% of the stock is currently owned by hedge funds and other institutional investors.
Boston Beer Company Profile
The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.
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