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 the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $191.61, for a total transaction of $1,916,100.00. Following the transaction, the insider now directly owns 42,273 shares in the company, valued at approximately $8,099,929.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Boston Beer Company Inc (NYSE:SAM) opened at $188.90 on Friday. Boston Beer Company Inc has a twelve month low of $128.70 and a twelve month high of $197.05. The stock has a market cap of $2,220.88, a PE ratio of 25.77, a price-to-earnings-growth ratio of 5.39 and a beta of 0.58.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $247.04 million for the quarter, compared to analysts’ expectations of $256.73 million. During the same quarter last year, the company posted $2.48 earnings per share. Boston Beer’s revenue was down 2.5% on a year-over-year basis. sell-side analysts anticipate that Boston Beer Company Inc will post 6.22 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of SAM. Schwab Charles Investment Management Inc. lifted its holdings in Boston Beer by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 49,387 shares of the company’s stock worth $6,527,000 after acquiring an additional 1,481 shares during the last quarter. Legal & General Group Plc lifted its holdings in Boston Beer by 20.1% in the second quarter. Legal & General Group Plc now owns 6,726 shares of the company’s stock worth $890,000 after acquiring an additional 1,127 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Boston Beer by 17.6% in the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after acquiring an additional 145 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Boston Beer by 9.2% in the second quarter. Principal Financial Group Inc. now owns 39,820 shares of the company’s stock worth $5,262,000 after acquiring an additional 3,353 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Boston Beer by 3.9% in the second quarter. Swiss National Bank now owns 15,800 shares of the company’s stock worth $2,088,000 after acquiring an additional 600 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on SAM. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price target on the stock in a research report on Thursday, January 11th. Jefferies Group reaffirmed a “hold” rating and set a $175.00 price target on shares of Boston Beer in a research report on Thursday, January 4th. Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Stifel Nicolaus began coverage on shares of Boston Beer in a research report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price target on the stock. Finally, Susquehanna Bancshares cut shares of Boston Beer from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus 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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