Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of Boston Beer stock in a transaction on Monday, September 26th. The stock was sold at an average price of $150.48, for a total transaction of $752,400.00. Following the completion of the transaction, the insider now directly owns 37,273 shares in the company, valued at $5,608,841.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Boston Beer Co. (NYSE:SAM) opened at 150.29 on Wednesday. The stock’s 50 day moving average is $176.41 and its 200-day moving average is $170.27. The company has a market cap of $1.85 billion, a PE ratio of 22.51 and a beta of 0.69. Boston Beer Co. has a one year low of $145.33 and a one year high of $260.51.
Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The company earned $244.80 million during the quarter, compared to the consensus estimate of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. Equities research analysts expect that Boston Beer Co. will post $6.50 earnings per share for the current year.
Several research analysts recently commented on SAM shares. William Blair began coverage on shares of Boston Beer in a research note on Wednesday, September 21st. They issued an “outperform” rating on the stock. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a research report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Credit Suisse Group AG began coverage on shares of Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price objective on the stock. Finally, Cowen and Company downgraded shares of Boston Beer from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $170.00 to $128.00 in a research report on Wednesday, September 21st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Boston Beer has an average rating of “Hold” and a consensus target price of $173.91.
Hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its stake in shares of Boston Beer by 1.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,714 shares of the company’s stock worth $2,723,000 after buying an additional 171 shares in the last quarter. Tybourne Capital Management HK Ltd. increased its stake in shares of Boston Beer by 37.4% in the first quarter. Tybourne Capital Management HK Ltd. now owns 759,411 shares of the company’s stock worth $140,544,000 after buying an additional 206,716 shares in the last quarter. Invictus RG increased its stake in shares of Boston Beer by 3.6% in the first quarter. Invictus RG now owns 1,392 shares of the company’s stock worth $258,000 after buying an additional 49 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Boston Beer by 124.7% in the first quarter. Goldman Sachs Group Inc. now owns 51,809 shares of the company’s stock worth $9,588,000 after buying an additional 28,751 shares in the last quarter. Finally, Credit Agricole S A increased its stake in shares of Boston Beer by 8.9% in the first quarter. Credit Agricole S A now owns 6,039 shares of the company’s stock worth $1,118,000 after buying an additional 491 shares in the last quarter. Institutional investors own 65.23% of the company’s stock.
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.
Receive News & Ratings for Boston Beer Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Co. and related companies with MarketBeat.com's FREE daily email newsletter.