Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $152.69, for a total value of $763,450.00. Following the transaction, the insider now owns 37,273 shares in the company, valued at approximately $5,691,214.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Boston Beer Co. (NYSE:SAM) opened at 152.30 on Friday. Boston Beer Co. has a 12-month low of $145.33 and a 12-month high of $260.51. The company has a market capitalization of $1.88 billion, a PE ratio of 22.81 and a beta of 0.69. The stock’s 50 day moving average price is $178.10 and its 200 day moving average price is $170.80.
Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.12. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. The firm earned $244.80 million during the quarter, compared to the consensus estimate of $238.87 million. On average, equities analysts anticipate that Boston Beer Co. will post $6.50 EPS for the current fiscal year.
SAM has been the topic of a number of research analyst reports. Susquehanna reiterated a “hold” rating on shares of Boston Beer in a report on Monday, August 22nd. Jefferies Group restated a “hold” rating on shares of Boston Beer in a research note on Wednesday, August 10th. Zacks Investment Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 28th. William Blair began coverage on Boston Beer in a research note on Wednesday. They issued an “outperform” rating on the stock. Finally, Cowen and Company downgraded Boston Beer from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $170.00 to $128.00 in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Boston Beer currently has an average rating of “Hold” and an average price target of $173.91.
Several hedge funds have recently bought and sold shares of SAM. Tower Research Capital LLC TRC increased its stake in Boston Beer by 7.6% in the second quarter. Tower Research Capital LLC TRC now owns 965 shares of the company’s stock valued at $165,000 after buying an additional 68 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of Boston Beer during the second quarter valued at about $199,000. Teacher Retirement System of Texas raised its position in shares of Boston Beer by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 1,267 shares of the company’s stock valued at $217,000 after buying an additional 145 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Boston Beer during the second quarter valued at about $218,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Boston Beer during the first quarter valued at about $220,000. 65.23% of the stock is owned by hedge funds and other institutional investors.
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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