Boston Beer Company Inc (SAM) Chairman C James Koch Sells 525 Shares

Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 525 shares of Boston Beer stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $275.00, for a total value of $144,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, December 3rd, C James Koch sold 683 shares of Boston Beer stock. The shares were sold at an average price of $275.00, for a total value of $187,825.00.
  • On Friday, November 30th, C James Koch sold 9,317 shares of Boston Beer stock. The shares were sold at an average price of $278.55, for a total value of $2,595,250.35.
  • On Friday, September 21st, C James Koch sold 5,000 shares of Boston Beer stock. The shares were sold at an average price of $297.29, for a total value of $1,486,450.00.
  • On Wednesday, September 19th, C James Koch sold 5,000 shares of Boston Beer stock. The shares were sold at an average price of $310.88, for a total value of $1,554,400.00.
  • On Monday, September 17th, C James Koch sold 5,000 shares of Boston Beer stock. The shares were sold at an average price of $316.39, for a total value of $1,581,950.00.
  • On Thursday, September 13th, C James Koch sold 10,000 shares of Boston Beer stock. The shares were sold at an average price of $318.68, for a total value of $3,186,800.00.

SAM traded down $7.29 on Friday, hitting $265.90. 100,348 shares of the company were exchanged, compared to its average volume of 102,325. Boston Beer Company Inc has a twelve month low of $160.40 and a twelve month high of $329.95. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 3.65 and a beta of 0.51.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 25th. The company reported $3.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.35 by ($0.14). Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. The company had revenue of $326.85 million for the quarter, compared to analyst estimates of $270.60 million. As a group, equities research analysts anticipate that Boston Beer Company Inc will post 7.48 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Boston Beer from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Citigroup lifted their price objective on Boston Beer from $285.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $270.00 price objective on shares of Boston Beer in a research note on Friday, October 26th. Finally, Guggenheim began coverage on Boston Beer in a research note on Thursday, September 13th. They set a “buy” rating and a $381.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $271.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAM. Principal Financial Group Inc. grew its stake in Boston Beer by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 38,762 shares of the company’s stock worth $7,328,000 after purchasing an additional 1,456 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Boston Beer during the 2nd quarter worth about $582,000. Victory Capital Management Inc. lifted its holdings in Boston Beer by 16.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,631 shares of the company’s stock worth $489,000 after buying an additional 225 shares during the last quarter. Jennison Associates LLC purchased a new stake in Boston Beer during the 2nd quarter worth about $397,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in Boston Beer during the 2nd quarter worth about $360,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

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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 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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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

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