Boston Beer Company Inc (NYSE:SAM) VP Quincy B. Troupe sold 700 shares of Boston Beer stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $298.80, for a total transaction of $209,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE SAM opened at $307.29 on Thursday. Boston Beer Company Inc has a 12 month low of $160.40 and a 12 month high of $329.95. The company has a market capitalization of $3.27 billion, a P/E ratio of 52.19, a price-to-earnings-growth ratio of 3.85 and a beta of 0.67.
Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 25th. The company reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.35 by ($0.14). The firm had revenue of $326.85 million during the quarter, compared to analysts’ expectations of $270.60 million. Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. On average, analysts predict that Boston Beer Company Inc will post 7.63 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC increased its position in shares of Boston Beer by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 18,677 shares of the company’s stock worth $5,597,000 after acquiring an additional 279 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Boston Beer in the second quarter worth approximately $397,000. Bessemer Group Inc. increased its position in shares of Boston Beer by 5.5% in the second quarter. Bessemer Group Inc. now owns 7,700 shares of the company’s stock worth $2,308,000 after acquiring an additional 400 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Boston Beer by 38.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 4,996 shares of the company’s stock worth $1,497,000 after acquiring an additional 1,390 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Boston Beer in the second quarter worth approximately $6,538,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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