Boston Beer Co. (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $155.24, for a total value of $1,552,400.00. Following the sale, the insider now directly owns 42,273 shares in the company, valued at approximately $6,562,460.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Boston Beer Co. (NYSE:SAM) traded down 1.38% during mid-day trading on Thursday, reaching $153.20. The company’s stock had a trading volume of 155,669 shares. The company has a 50-day moving average of $168.62 and a 200-day moving average of $169.53. Boston Beer Co. has a 12 month low of $145.30 and a 12 month high of $202.77. The company has a market cap of $1.90 billion, a P/E ratio of 24.54 and a beta of 0.45.
Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 20th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by $0.12. Boston Beer had a net margin of 8.68% and a return on equity of 18.49%. The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $278.91 million. During the same quarter in the previous year, the company earned $2.85 earnings per share. The business’s quarterly revenue was down 13.5% on a year-over-year basis. Equities research analysts forecast that Boston Beer Co. will post $6.35 earnings per share for the current fiscal year.
Several brokerages have commented on SAM. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “sell” rating in a report on Monday. Susquehanna set a $165.00 target price on Boston Beer and gave the stock a “hold” rating in a report on Monday, January 9th. William Blair downgraded Boston Beer from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. RBC Capital Markets set a $158.00 target price on Boston Beer and gave the stock a “hold” rating in a report on Monday, January 2nd. Finally, Cowen and Company reissued an “underperform” rating on shares of Boston Beer in a research report on Wednesday, December 7th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $159.55.
A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio raised its stake in Boston Beer by 2.8% in the second quarter. Strs Ohio now owns 26,000 shares of the company’s stock valued at $4,446,000 after buying an additional 700 shares during the last quarter. Diversified Trust Co purchased a new stake in Boston Beer during the second quarter worth $218,000. Jensen Investment Management Inc. raised its stake in Boston Beer by 29.9% in the second quarter. Jensen Investment Management Inc. now owns 2,740 shares of the company’s stock worth $469,000 after buying an additional 630 shares in the last quarter. Retirement Systems of Alabama raised its stake in Boston Beer by 29.2% in the second quarter. Retirement Systems of Alabama now owns 60,843 shares of the company’s stock worth $10,406,000 after buying an additional 13,739 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in Boston Beer by 19.6% in the second quarter. Alps Advisors Inc. now owns 2,808 shares of the company’s stock worth $480,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 66.43% of the company’s stock.
Boston Beer Company Profile
The Boston Beer Company, Inc (Boston Beer) 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 international markets. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment.