Boston Beer Company Inc (SAM) Insider Martin F. Roper Sells 10,000 Shares
Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $187.20, for a total transaction of $1,872,000.00. Following the completion of the transaction, the insider now directly owns 42,273 shares of the company’s stock, valued at approximately $7,913,505.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Boston Beer Company Inc (NYSE SAM) opened at $188.00 on Tuesday. The firm has a market cap of $2,210.00, a P/E ratio of 25.65, a PEG ratio of 5.66 and a beta of 0.58. Boston Beer Company Inc has a fifty-two week low of $128.70 and a fifty-two week high of $197.05.
Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The company had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.48 earnings per share. equities research analysts predict that Boston Beer Company Inc will post 6.22 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Boston Beer by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after buying an additional 8 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Boston Beer by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock worth $306,000 after buying an additional 60 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Boston Beer by 0.3% during the second quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock worth $2,750,000 after buying an additional 67 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Boston Beer by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after buying an additional 76 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Boston Beer by 5.7% during the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock worth $246,000 after buying an additional 100 shares in the last quarter. 75.83% of the stock is owned by institutional investors.
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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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