Boston Beer Company, Inc. (The) (SAM) VP Sells $186,750.00 in Stock
Boston Beer Company, Inc. (The) (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $186.75, for a total value of $186,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Boston Beer Company, Inc. (SAM) traded up $2.45 during trading on Friday, hitting $187.45. The stock had a trading volume of 239,325 shares, compared to its average volume of 114,822. The firm has a market cap of $2,175.60, a PE ratio of 25.24, a price-to-earnings-growth ratio of 5.95 and a beta of 0.57. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $194.30.
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 Zacks’ consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.48 EPS. research analysts predict that Boston Beer Company, Inc. will post 6.22 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Boston Beer in a research report on Tuesday, December 5th. They set a “hold” rating and a $166.00 target price on the stock. Susquehanna Bancshares cut Boston Beer from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. UBS cut Boston Beer from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. TheStreet raised Boston Beer from a “c+” rating to a “b-” rating in a research report on Thursday, November 2nd. Finally, Citigroup raised their price objective on Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Boston Beer has a consensus rating of “Hold” and an average price target of $151.27.
A number of hedge funds have recently modified their holdings of SAM. Teachers Advisors LLC raised its stake in Boston Beer by 15.9% in the 1st quarter. Teachers Advisors LLC now owns 16,437 shares of the company’s stock worth $2,378,000 after acquiring an additional 2,252 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Boston Beer by 4.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 2,400 shares of the company’s stock worth $317,000 after acquiring an additional 100 shares during the last quarter. Aperio Group LLC raised its stake in Boston Beer by 34.1% in the 2nd quarter. Aperio Group LLC now owns 4,400 shares of the company’s stock worth $581,000 after acquiring an additional 1,120 shares during the last quarter. IFP Advisors Inc raised its stake in Boston Beer by 12.7% in the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $159,000 after acquiring an additional 136 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Boston Beer by 42.2% in the 2nd quarter. TD Asset Management Inc. now owns 6,400 shares of the company’s stock worth $846,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.
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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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