Insider Selling: Samuel Adams (SAM) VP Sells 1,000 Shares of Stock

Samuel Adams (NYSE:SAM) VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $225.00, for a total transaction of $225,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

David L. Grinnell also recently made the following trade(s):

  • On Wednesday, April 11th, David L. Grinnell sold 1,000 shares of Samuel Adams stock. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00.

Shares of SAM stock opened at $220.50 on Friday. Samuel Adams has a 1 year low of $128.70 and a 1 year high of $227.75. The company has a market cap of $2,661.98, a PE ratio of 36.69, a P/E/G ratio of 3.53 and a beta of 0.52.

Samuel Adams (NYSE:SAM) last announced its earnings results on Wednesday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.03. Samuel Adams had a net margin of 11.04% and a return on equity of 18.55%. The company had revenue of $206.32 million for the quarter, compared to analyst estimates of $206.46 million. During the same period in the prior year, the business earned $1.75 earnings per share. Samuel Adams’s quarterly revenue was down 5.9% on a year-over-year basis. research analysts anticipate that Samuel Adams will post 6.72 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SAM. Endurance Wealth Management Inc. acquired a new position in Samuel Adams in the fourth quarter valued at approximately $134,000. Advisor Group Inc. lifted its holdings in Samuel Adams by 91.9% in the fourth quarter. Advisor Group Inc. now owns 737 shares of the company’s stock valued at $141,000 after buying an additional 353 shares during the period. Huntington National Bank lifted its holdings in Samuel Adams by 173.9% in the fourth quarter. Huntington National Bank now owns 775 shares of the company’s stock valued at $148,000 after buying an additional 492 shares during the period. Texas Yale Capital Corp. acquired a new position in Samuel Adams in the fourth quarter valued at approximately $207,000. Finally, Asset Management Group Inc. acquired a new position in Samuel Adams in the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

A number of equities analysts have commented on SAM shares. Zacks Investment Research lowered shares of Samuel Adams from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine lowered shares of Samuel Adams from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Credit Suisse Group restated a “neutral” rating and issued a $172.00 price target (up from $160.00) on shares of Samuel Adams in a research report on Thursday, February 22nd. Macquarie upgraded shares of Samuel Adams from an “underperform” rating to a “neutral” rating and set a $140.00 target price on the stock in a research report on Thursday, February 8th. Finally, Jefferies Group reiterated a “hold” rating and set a $175.00 target price on shares of Samuel Adams in a research report on Thursday, January 4th. Fifteen investment analysts have rated the stock with a hold rating, Samuel Adams presently has a consensus rating of “Hold” and an average target price of $173.25.

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Samuel Adams 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.

Insider Buying and Selling by Quarter for Samuel Adams (NYSE:SAM)

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