Insider Selling: Boston Beer Co. (SAM) Insider Sells $834,900.00 in Stock
Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $166.98, for a total transaction of $834,900.00. Following the sale, the insider now directly owns 37,273 shares in the company, valued at $6,223,845.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Boston Beer Co. (NYSE:SAM) opened at 153.40 on Wednesday. Boston Beer Co. has a 12 month low of $145.33 and a 12 month high of $260.51. The firm’s 50-day moving average is $180.47 and its 200-day moving average is $171.43. The company has a market capitalization of $1.89 billion, a PE ratio of 22.97 and a beta of 0.69.
Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. The business had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. Equities analysts anticipate that Boston Beer Co. will post $6.53 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tybourne Capital Management HK Ltd. boosted its position in shares of Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock valued at $140,544,000 after buying an additional 206,716 shares during the last quarter. Champlain Investment Partners LLC boosted its position 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 during the last quarter. Fiera Capital Corp bought a new position in Boston Beer during the second quarter worth $11,317,000. Norges Bank bought a new position in Boston Beer during the fourth quarter worth $13,347,000. Finally, Fisher Asset Management LLC boosted its position in Boston Beer by 20.0% in the first quarter. Fisher Asset Management LLC now owns 344,723 shares of the company’s stock worth $61,985,000 after buying an additional 57,532 shares during the last quarter. 65.23% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on SAM shares. Susquehanna reaffirmed a “hold” rating on shares of Boston Beer in a report on Monday, August 22nd. Jefferies Group reiterated a “hold” rating on shares of Boston Beer in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG initiated coverage on Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price target on the stock. Three analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $176.00.
About Boston Beer
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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