Boston Beer Company Inc (SAM) Insider Sells $1,916,100.00 in Stock

Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of Boston Beer stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $191.61, for a total value of $1,916,100.00. Following the sale, the insider now directly owns 42,273 shares in the company, valued at approximately $8,099,929.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boston Beer Company Inc (NYSE SAM) opened at $188.90 on Friday. Boston Beer Company Inc has a 12 month low of $128.70 and a 12 month high of $197.05. The company has a market cap of $2,220.88, a P/E ratio of 25.77, a P/E/G ratio of 5.39 and a beta of 0.58.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The business had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. During the same quarter last year, the business earned $2.48 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. research analysts expect that Boston Beer Company Inc will post 6.22 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors increased its stake in shares of Boston Beer by 0.3% during the second quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock valued at $2,750,000 after acquiring an additional 67 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Boston Beer by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after acquiring an additional 76 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Boston Beer by 5.7% during the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock valued at $246,000 after acquiring an additional 100 shares during the period. Victory Capital Management Inc. increased its stake in shares of Boston Beer by 17.6% during the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after acquiring an additional 145 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Boston Beer by 4.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,654 shares of the company’s stock valued at $483,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

A number of research firms have recently weighed in on SAM. Berenberg Bank raised Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, December 18th. UBS Group cut Boston Beer from a “positive” rating to a “neutral” rating in a report on Monday, November 13th. Jefferies Group reaffirmed a “hold” rating and set a $175.00 price target on shares of Boston Beer in a report on Thursday, January 4th. Zacks Investment Research raised Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price target on the stock in a report on Thursday, January 11th. Finally, Credit Suisse Group raised Boston Beer from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $140.00 to $150.00 in a report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a strong buy rating to the stock. Boston Beer presently has an average rating of “Hold” and a consensus target price of $158.55.

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Boston Beer Company Profile

The Boston Beer Company, Inc 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 selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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

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