Boston Beer Company Inc (NYSE:SAM) Chairman Sells $7,661,400.00 in Stock

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Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $383.07, for a total value of $7,661,400.00. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Thursday, January 16th, C James Koch sold 7,431 shares of Boston Beer stock. The stock was sold at an average price of $382.42, for a total value of $2,841,763.02.
  • On Monday, December 30th, C James Koch sold 4,495 shares of Boston Beer stock. The stock was sold at an average price of $380.02, for a total value of $1,708,189.90.
  • On Friday, December 20th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $368.48, for a total value of $3,684,800.00.
  • On Wednesday, December 18th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $367.77, for a total value of $3,677,700.00.
  • On Monday, December 16th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $371.32, for a total value of $3,713,200.00.
  • On Thursday, December 12th, C James Koch sold 500 shares of Boston Beer stock. The stock was sold at an average price of $374.79, for a total value of $187,395.00.

Boston Beer stock opened at $398.19 on Thursday. The stock’s fifty day moving average price is $376.02 and its two-hundred day moving average price is $385.02. Boston Beer Company Inc has a one year low of $240.60 and a one year high of $444.64. The firm has a market cap of $4.72 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $3.58 EPS for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.79. Boston Beer had a return on equity of 20.99% and a net margin of 10.06%. The firm had revenue of $378.47 million for the quarter, compared to analyst estimates of $364.66 million. On average, equities analysts expect that Boston Beer Company Inc will post 9.22 earnings per share for the current year.

A number of brokerages have recently weighed in on SAM. Deutsche Bank began coverage on Boston Beer in a research note on Friday, September 27th. They set a “hold” rating and a $380.00 target price on the stock. UBS Group upgraded Boston Beer from a “neutral” rating to a “buy” rating and increased their target price for the stock from $415.00 to $440.00 in a research note on Tuesday, December 3rd. Cowen upgraded Boston Beer from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $386.00 to $450.00 in a research note on Thursday, October 17th. BMO Capital Markets increased their target price on Boston Beer to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. They noted that the move was a valuation call. Finally, Citigroup upgraded Boston Beer from a “neutral” rating to a “buy” rating and increased their target price for the stock from $394.00 to $448.00 in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $394.52.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in Boston Beer during the 2nd quarter worth $35,000. HM Payson & Co. bought a new position in Boston Beer during the 2nd quarter worth $38,000. Golden State Wealth Management LLC increased its stake in Boston Beer by 910.0% during the 3rd quarter. Golden State Wealth Management LLC now owns 101 shares of the company’s stock worth $37,000 after acquiring an additional 91 shares during the period. Signaturefd LLC bought a new position in Boston Beer during the 3rd quarter worth $73,000. Finally, Marshall Wace North America L.P. bought a new position in Boston Beer during the 1st quarter worth $59,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.

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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