Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $150.97, for a total value of $754,850.00. Following the sale, the insider now owns 37,273 shares in the company, valued at $5,627,104.81. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Boston Beer Co. (NYSE:SAM) opened at 155.26 on Friday. Boston Beer Co. has a 52-week low of $145.33 and a 52-week high of $260.51. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 23.25 and a beta of 0.69. The company’s 50-day moving average price is $173.89 and its 200-day moving average price is $169.78.
Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.12. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. The firm had revenue of $244.80 million for the quarter, compared to the consensus estimate of $238.87 million. Analysts predict that Boston Beer Co. will post $6.46 EPS for the current year.
Several brokerages recently commented on SAM. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Jefferies Group restated a “hold” rating and set a $151.00 price objective (up from $145.00) on shares of Boston Beer in a report on Monday, July 25th. Susquehanna restated a “hold” rating on shares of Boston Beer in a report on Monday, August 22nd. Credit Suisse Group AG assumed coverage on Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price objective on the stock. Finally, Cowen and Company downgraded Boston Beer from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $170.00 to $128.00 in a report on Wednesday, September 21st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Boston Beer currently has a consensus rating of “Hold” and an average price target of $173.91.
Several hedge funds have recently added to or reduced their stakes in SAM. BlackRock Advisors LLC increased its stake in Boston Beer by 0.4% in the second quarter. BlackRock Advisors LLC now owns 4,332 shares of the company’s stock valued at $741,000 after buying an additional 17 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Boston Beer by 1.2% in the second quarter. Legal & General Group Plc now owns 2,230 shares of the company’s stock valued at $373,000 after buying an additional 26 shares during the last quarter. Cim LLC boosted its position in shares of Boston Beer by 1.6% in the second quarter. Cim LLC now owns 1,868 shares of the company’s stock valued at $319,000 after buying an additional 30 shares during the last quarter. Comerica Bank boosted its position in shares of Boston Beer by 0.9% in the second quarter. Comerica Bank now owns 4,981 shares of the company’s stock valued at $897,000 after buying an additional 43 shares during the last quarter. Finally, Invictus RG boosted its position in shares of Boston Beer by 3.6% in the first quarter. Invictus RG now owns 1,392 shares of the company’s stock valued at $258,000 after buying an additional 49 shares during the last quarter. 65.23% of the stock is currently 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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