Insider Selling: Boston Beer Company Inc (SAM) VP Sells 700 Shares of Stock

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.

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of Boston Beer from $238.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “strong-buy” rating and set a $354.00 price target on the stock in a research report on Wednesday, July 11th. Macquarie downgraded shares of Boston Beer from a “neutral” rating to an “underperform” rating and set a $225.00 price target on the stock. in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Cowen restated a “hold” rating and set a $350.00 price target on shares of Boston Beer in a research report on Wednesday, July 25th. Finally, BMO Capital Markets dropped their price target on shares of Boston Beer to $260.00 and set a “market perform” rating on the stock in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $264.85.

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

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