Insider Selling: Boston Beer Co. (SAM) Insider Sells $1,666,300.00 in Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $166.63, for a total value of $1,666,300.00. Following the completion of the sale, the insider now directly owns 42,273 shares in the company, valued at approximately $7,043,949.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Boston Beer Co. (NYSE:SAM) opened at 158.19 on Tuesday. The stock has a 50 day moving average price of $181.29 and a 200-day moving average price of $171.76. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 23.69 and a beta of 0.69.
Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 21st. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. Analysts expect that Boston Beer Co. will post $6.53 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on SAM. Credit Suisse Group AG began coverage on Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price objective on the stock. Susquehanna reissued a “hold” rating on shares of Boston Beer in a report on Monday, August 22nd. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a report on Wednesday, August 10th. Finally, Zacks Investment Research cut Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $176.00.
Several large investors have recently bought and sold shares of SAM. Credit Agricole S A increased its stake in Boston Beer by 8.9% in the first quarter. Credit Agricole S A now owns 6,039 shares of the company’s stock worth $1,118,000 after buying an additional 491 shares in the last quarter. Champlain Investment Partners LLC increased its stake in Boston Beer by 42.8% in the first quarter. Champlain Investment Partners LLC now owns 248,037 shares of the company’s stock worth $45,904,000 after buying an additional 74,349 shares in the last quarter. BlackRock Group LTD increased its stake in Boston Beer by 25.5% in the first quarter. BlackRock Group LTD now owns 5,832 shares of the company’s stock worth $1,079,000 after buying an additional 1,184 shares in the last quarter. BlackRock Inc. increased its stake in Boston Beer by 4.8% in the first quarter. BlackRock Inc. now owns 3,684 shares of the company’s stock worth $682,000 after buying an additional 168 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Boston Beer during the first quarter worth approximately $414,000. Institutional investors own 65.34% of the company’s stock.
Boston Beer Company Profile
The Boston Beer Company, Inc (Boston Beer) 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 international markets. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment.
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