Insider Selling: Boston Beer Company Inc (SAM) Insider Sells 10,000 Shares of Stock
Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $189.29, for a total value of $1,892,900.00. Following the completion of the sale, the insider now directly owns 42,273 shares of the company’s stock, valued at approximately $8,001,856.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Boston Beer Company Inc (NYSE:SAM) opened at $188.85 on Friday. Boston Beer Company Inc has a 12 month low of $128.70 and a 12 month high of $197.05. The stock has a market capitalization of $2,220.00, a PE ratio of 25.76, a PEG ratio of 5.45 and a beta of 0.58.
Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The firm had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. During the same period last year, the business posted $2.48 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. analysts forecast that Boston Beer Company Inc will post 6.22 EPS for the current fiscal year.
Several equities research analysts have weighed in on SAM shares. Credit Suisse Group raised Boston Beer from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $140.00 to $150.00 in a report on Tuesday, September 26th. Zacks Investment Research downgraded Boston Beer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Citigroup raised their price target on Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. TheStreet raised Boston Beer from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Finally, UBS Group downgraded Boston Beer from a “positive” rating to a “neutral” rating in a report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $158.55.
A number of hedge funds have recently made changes to their positions in SAM. JPMorgan Chase & Co. raised its position in Boston Beer by 443.2% during the third quarter. JPMorgan Chase & Co. now owns 118,251 shares of the company’s stock valued at $18,802,000 after acquiring an additional 96,481 shares in the last quarter. Prudential Financial Inc. raised its position in Boston Beer by 104.8% during the third quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock valued at $20,738,000 after acquiring an additional 67,940 shares in the last quarter. Ameriprise Financial Inc. raised its position in Boston Beer by 147.8% during the second quarter. Ameriprise Financial Inc. now owns 81,738 shares of the company’s stock valued at $10,801,000 after acquiring an additional 48,757 shares in the last quarter. Arlington Value Capital LLC purchased a new position in Boston Beer during the second quarter valued at approximately $6,311,000. Finally, Apertura Capital LLC purchased a new position in Boston Beer during the third quarter valued at approximately $5,311,000. Institutional investors own 76.06% of the company’s stock.
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.
Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.