Insider Selling: Boston Beer Company Inc (NYSE:SAM) Major Shareholder Sells 7,000 Shares of Stock

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Boston Beer Company Inc (NYSE:SAM) major shareholder C James Koch sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $388.15, for a total value of $2,717,050.00. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

C James Koch also recently made the following trade(s):

  • On Friday, September 13th, C James Koch sold 7,000 shares of Boston Beer stock. The shares were sold at an average price of $389.12, for a total value of $2,723,840.00.
  • On Wednesday, September 11th, C James Koch sold 7,000 shares of Boston Beer stock. The shares were sold at an average price of $378.52, for a total value of $2,649,640.00.
  • On Monday, September 9th, C James Koch sold 14,000 shares of Boston Beer stock. The shares were sold at an average price of $399.78, for a total value of $5,596,920.00.

Shares of SAM traded down $20.13 during trading hours on Tuesday, hitting $367.94. 2,685 shares of the company were exchanged, compared to its average volume of 199,006. The company has a market capitalization of $4.71 billion, a PE ratio of 48.97, a PEG ratio of 4.37 and a beta of 0.65. The firm has a fifty day simple moving average of $408.83 and a 200-day simple moving average of $347.20. Boston Beer Company Inc has a one year low of $230.93 and a one year high of $444.64.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.51. The business had revenue of $318.40 million during the quarter, compared to analyst estimates of $308.49 million. Boston Beer had a return on equity of 22.89% and a net margin of 9.92%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.98 EPS. Equities analysts anticipate that Boston Beer Company Inc will post 8.92 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on SAM shares. Zacks Investment Research cut Boston Beer from a “strong-buy” rating to a “hold” rating and set a $415.00 price target on the stock. in a research report on Wednesday, June 26th. BMO Capital Markets lifted their price target on Boston Beer to $350.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Credit Suisse Group lifted their price target on Boston Beer from $320.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Royal Bank of Canada set a $346.00 price target on Boston Beer and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group lifted their price target on Boston Beer from $260.00 to $305.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $355.89.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 6 Meridian boosted its stake in shares of Boston Beer by 1.3% during the 2nd quarter. 6 Meridian now owns 2,038 shares of the company’s stock worth $770,000 after acquiring an additional 27 shares in the last quarter. Eukles Asset Management boosted its stake in shares of Boston Beer by 2.6% during the 2nd quarter. Eukles Asset Management now owns 1,234 shares of the company’s stock worth $466,000 after acquiring an additional 31 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Boston Beer by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 11,377 shares of the company’s stock worth $4,298,000 after acquiring an additional 42 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Boston Beer by 1.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 3,468 shares of the company’s stock worth $1,310,000 after acquiring an additional 50 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Boston Beer by 0.7% during the 1st quarter. MetLife Investment Advisors LLC now owns 8,984 shares of the company’s stock worth $2,648,000 after acquiring an additional 62 shares in the last quarter. 71.86% of the stock is owned by institutional investors and hedge funds.

About Boston Beer

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 offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Insider Buying and Selling by Quarter for Boston Beer (NYSE:SAM)

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