Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 7,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $378.52, for a total value of $2,649,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

C James Koch also recently made the following trade(s):

  • On Monday, September 9th, C James Koch sold 14,000 shares of Boston Beer stock. The shares were sold at an average price of $399.78, for a total transaction of $5,596,920.00.

Shares of NYSE SAM traded up $11.48 during trading on Wednesday, reaching $390.48. The company had a trading volume of 226,332 shares, compared to its average volume of 164,060. Boston Beer Company Inc has a 12-month low of $230.93 and a 12-month high of $444.64. The stock has a market cap of $4.84 billion, a PE ratio of 52.27, a P/E/G ratio of 4.48 and a beta of 0.66. The business’s 50-day moving average is $409.16 and its 200 day moving average is $345.18.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.51. The firm had revenue of $318.40 million during the quarter, compared to analyst estimates of $308.49 million. Boston Beer had a return on equity of 22.89% and a net margin of 9.92%. Boston Beer’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.98 EPS. Research analysts forecast that Boston Beer Company Inc will post 8.92 EPS for the current year.

A number of analysts have recently weighed in on SAM shares. BMO Capital Markets upped their target price on shares of Boston Beer to $350.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Credit Suisse Group lifted their price target on shares of Boston Beer from $320.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Macquarie raised shares of Boston Beer from a “neutral” rating to an “outperform” rating and set a $460.00 price objective on the stock in a research note on Wednesday, August 7th. Guggenheim boosted their price objective on shares of Boston Beer from $372.00 to $421.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, UBS Group upped their price objective on shares of Boston Beer from $260.00 to $305.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $350.40.

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Boston Beer by 53.5% during the second quarter. Renaissance Technologies LLC now owns 323,500 shares of the company’s stock valued at $122,205,000 after purchasing an additional 112,700 shares during the period. Nuveen Asset Management LLC purchased a new stake in Boston Beer during the 2nd quarter valued at $40,789,000. Vanguard Group Inc. raised its stake in Boston Beer by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,047,234 shares of the company’s stock valued at $395,604,000 after buying an additional 53,723 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Boston Beer during the 2nd quarter valued at $18,291,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Boston Beer by 149.5% during the 2nd quarter. Wells Fargo & Company MN now owns 69,210 shares of the company’s stock valued at $26,146,000 after buying an additional 41,470 shares during the period. Institutional investors and hedge funds own 72.06% of the company’s stock.

About Boston Beer

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 offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Insider Buying and Selling by Quarter for Boston Beer (NYSE:SAM)

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