Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 5,000 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $316.39, for a total value of $1,581,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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 $1.75 during midday trading on Monday, reaching $317.45. The company had a trading volume of 4,444 shares, compared to its average volume of 105,715. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 51.89, a PEG ratio of 4.80 and a beta of 0.72. Boston Beer Company Inc has a 1 year low of $150.57 and a 1 year high of $329.95.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 26th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.79). The company had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $273.05 million. Boston Beer had a return on equity of 17.21% and a net margin of 10.39%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.35 EPS. equities research analysts forecast that Boston Beer Company Inc will post 7.09 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC purchased a new stake in Boston Beer in the second quarter worth about $216,000. CAPROCK Group Inc. purchased a new stake in shares of Boston Beer during the second quarter worth about $219,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Boston Beer by 69.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock worth $219,000 after purchasing an additional 300 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Boston Beer during the second quarter worth about $221,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Boston Beer during the second quarter worth about $236,000. Institutional investors and hedge funds own 72.34% of the company’s stock.

A number of research analysts have weighed in on SAM shares. ValuEngine downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Macquarie downgraded Boston Beer from a “neutral” rating to an “underperform” rating and set a $225.00 target price on the stock. in a report on Wednesday, July 25th. They noted that the move was a valuation call. BMO Capital Markets lowered their target price on Boston Beer to $260.00 and set a “market perform” rating on the stock in a report on Friday, July 27th. Royal Bank of Canada reissued a “neutral” rating and issued a $210.00 target price on shares of Boston Beer in a report on Friday, July 27th. Finally, Cowen reissued a “hold” rating and issued a $350.00 target price on shares of Boston Beer in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $258.85.

Boston Beer Company Profile

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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