Insider Selling: Boston Beer Company Inc (SAM) Chairman Sells $187,825.00 in Stock

Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 683 shares of Boston Beer stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $275.00, for a total value of $187,825.00. 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 Friday, November 30th, C James Koch sold 9,317 shares of Boston Beer stock. The stock was sold at an average price of $278.55, for a total value of $2,595,250.35.
  • On Friday, September 21st, C James Koch sold 5,000 shares of Boston Beer stock. The stock was sold at an average price of $297.29, for a total value of $1,486,450.00.
  • On Wednesday, September 19th, C James Koch sold 5,000 shares of Boston Beer stock. The stock was sold at an average price of $310.88, for a total value of $1,554,400.00.
  • On Monday, September 17th, C James Koch sold 5,000 shares of Boston Beer stock. The stock was sold at an average price of $316.39, for a total value of $1,581,950.00.
  • On Thursday, September 13th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $318.68, for a total value of $3,186,800.00.

Shares of Boston Beer stock opened at $273.19 on Friday. Boston Beer Company Inc has a 52 week low of $160.40 and a 52 week high of $329.95. The stock has a market capitalization of $3.14 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 3.66 and a beta of 0.51.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 25th. The company reported $3.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.35 by ($0.14). Boston Beer had a net margin of 10.17% and a return on equity of 18.00%. The business had revenue of $326.85 million during the quarter, compared to analysts’ expectations of $270.60 million. As a group, sell-side analysts predict that Boston Beer Company Inc will post 7.48 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in SAM. Macquarie Group Ltd. lifted its position in shares of Boston Beer by 30,313.3% in the second quarter. Macquarie Group Ltd. now owns 182,480 shares of the company’s stock valued at $54,689,000 after acquiring an additional 181,880 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Boston Beer by 39.1% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 179,484 shares of the company’s stock valued at $51,601,000 after acquiring an additional 50,418 shares in the last quarter. Sandler Capital Management purchased a new position in shares of Boston Beer in the second quarter valued at about $13,487,000. Vanguard Group Inc. increased its holdings in shares of Boston Beer by 5.0% in the third quarter. Vanguard Group Inc. now owns 905,863 shares of the company’s stock worth $260,436,000 after purchasing an additional 43,545 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Boston Beer by 16.1% in the third quarter. AQR Capital Management LLC now owns 303,881 shares of the company’s stock worth $87,366,000 after purchasing an additional 42,137 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Boston Beer from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. Citigroup lifted their target price on Boston Beer from $285.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 29th. Jefferies Financial Group reiterated a “hold” rating and set a $270.00 target price on shares of Boston Beer in a research report on Friday, October 26th. Zacks Investment Research upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Finally, Guggenheim assumed coverage on Boston Beer in a research report on Thursday, September 13th. They set a “buy” rating and a $381.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Boston Beer presently has an average rating of “Hold” and an average price target of $271.67.

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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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