Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $150.29, for a total transaction of $751,450.00. Following the completion of the transaction, the insider now directly owns 37,273 shares of the company’s stock, valued at approximately $5,601,759.17. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Boston Beer Co. (NYSE:SAM) opened at 152.30 on Monday. The company’s 50-day moving average is $178.10 and its 200 day moving average is $170.80. Boston Beer Co. has a 52 week low of $145.33 and a 52 week high of $260.51. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 22.81 and a beta of 0.69.
Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 21st. The company reported $2.06 EPS for the quarter, topping the 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 analyst estimates of $238.87 million. Analysts anticipate that Boston Beer Co. will post $6.50 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. 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 stake in Boston Beer during the second quarter valued at about $199,000. Teacher Retirement System of Texas increased its stake in 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 in the last quarter. Diversified Trust Co acquired a new stake in Boston Beer during the second quarter valued at about $218,000. Finally, Squarepoint Ops LLC acquired a new stake in 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.
Several equities analysts have commented on the stock. Jefferies Group reissued a “hold” rating and issued a $151.00 price target (up previously from $145.00) on shares of Boston Beer in a research report on Monday, July 25th. Zacks Investment Research cut shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Susquehanna reissued a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Cowen and Company cut shares of Boston Beer from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $170.00 to $128.00 in a research report on Wednesday, September 21st. Finally, Credit Suisse Group AG assumed coverage on shares of Boston Beer in a research report on Thursday, September 15th. They issued an “underperform” rating and a $156.00 price target for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $173.91.
Boston Beer Company Profile
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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