David L. Grinnell Sells 1,000 Shares of Samuel Adams (SAM) Stock

Samuel Adams (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SAM stock opened at $202.35 on Friday. The firm has a market capitalization of $2,299.35, a PE ratio of 33.67, a P/E/G ratio of 3.05 and a beta of 0.52. Samuel Adams has a twelve month low of $128.70 and a twelve month high of $208.75.

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Samuel Adams (NYSE:SAM) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. The company had revenue of $206.32 million for the quarter, compared to the consensus estimate of $206.46 million. Samuel Adams had a return on equity of 18.55% and a net margin of 11.04%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 EPS. sell-side analysts forecast that Samuel Adams will post 6.72 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Endurance Wealth Management Inc. acquired a new position in shares of Samuel Adams in the 4th quarter valued at $134,000. Advisor Group Inc. increased its position in shares of Samuel Adams by 91.9% in the 4th quarter. Advisor Group Inc. now owns 737 shares of the company’s stock valued at $141,000 after buying an additional 353 shares in the last quarter. Huntington National Bank increased its position in shares of Samuel Adams by 173.9% in the 4th quarter. Huntington National Bank now owns 775 shares of the company’s stock valued at $148,000 after buying an additional 492 shares in the last quarter. Texas Yale Capital Corp. bought a new stake in shares of Samuel Adams in the 4th quarter valued at $207,000. Finally, Asset Management Group Inc. bought a new stake in shares of Samuel Adams in the 4th quarter valued at $209,000. 73.20% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Cowen upgraded Samuel Adams from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Berenberg Bank upgraded Samuel Adams from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. ValuEngine upgraded Samuel Adams from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Jefferies Group reiterated a “hold” rating and issued a $175.00 price objective on shares of Samuel Adams in a research note on Thursday, January 4th. Finally, Macquarie upgraded Samuel Adams from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $161.33.

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Samuel Adams Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

Insider Buying and Selling by Quarter for Samuel Adams (NYSE:SAM)

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