Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $159.42, for a total value of $797,100.00. Following the completion of the sale, the insider now owns 37,273 shares in the company, valued at $5,942,061.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Boston Beer Co. (NYSE:SAM) opened at 149.76 on Tuesday. Boston Beer Co. has a 52 week low of $145.33 and a 52 week high of $260.51. The company has a market capitalization of $1.84 billion, a PE ratio of 22.43 and a beta of 0.69. The company has a 50 day moving average price of $177.25 and a 200 day moving average price of $170.51.
Boston Beer (NYSE:SAM) last announced 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 business had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $238.87 million. On average, equities research analysts expect that Boston Beer Co. will post $6.50 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of SAM. Tybourne Capital Management HK Ltd. boosted its position in Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock valued at $140,544,000 after buying an additional 206,716 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Boston Beer by 42.8% in the first quarter. Champlain Investment Partners LLC now owns 248,037 shares of the company’s stock valued at $45,904,000 after buying an additional 74,349 shares in the last quarter. Fiera Capital Corp purchased a new position in Boston Beer during the second quarter valued at approximately $11,317,000. Norges Bank purchased a new position in Boston Beer during the fourth quarter valued at approximately $13,347,000. Finally, AQR Capital Management LLC boosted its position in Boston Beer by 115.0% in the second quarter. AQR Capital Management LLC now owns 83,396 shares of the company’s stock valued at $14,263,000 after buying an additional 44,614 shares in the last quarter. 65.23% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. William Blair assumed coverage on Boston Beer in a report on Wednesday, September 21st. They set an “outperform” rating on the stock. Credit Suisse Group AG started coverage on Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 target price on the stock. Susquehanna reissued a “hold” rating and set a $165.00 price target on shares of Boston Beer in a research report on Sunday, July 3rd. Cowen and Company downgraded Boston Beer from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $170.00 to $128.00 in a research report on Wednesday, September 21st. Finally, Jefferies Group reissued a “hold” rating on shares of Boston Beer in a research report on Wednesday, August 10th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Boston Beer presently has an average rating of “Hold” and an average price target of $173.91.
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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