Insider Selling: Boston Beer Company Inc (NYSE:SAM) Chairman Sells 5,000 Shares of Stock

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Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $310.88, for a total value of $1,554,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, September 21st, C James Koch sold 5,000 shares of Boston Beer stock. The shares were sold at an average price of $297.29, for a total value of $1,486,450.00.
  • On Monday, September 17th, C James Koch sold 5,000 shares of Boston Beer stock. The shares were 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.

NYSE:SAM traded down $1.21 during mid-day trading on Friday, hitting $265.79. 147,615 shares of the company’s stock traded hands, compared to its average volume of 142,357. 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 cap of $3.38 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 4.27 and a beta of 0.67.

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

Several research firms have recently issued reports on SAM. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Cowen reiterated a “hold” rating and set a $350.00 price target on shares of Boston Beer in a research note on Wednesday, July 25th. Royal Bank of Canada reiterated a “neutral” rating and set a $210.00 price target on shares of Boston Beer in a research note on Friday, July 27th. Citigroup upped their price target on Boston Beer from $238.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 10th. Finally, Berenberg Bank set a $290.00 price target on Boston Beer and gave the stock a “hold” rating in a research note on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. Boston Beer has an average rating of “Hold” and a consensus target price of $258.85.

Large investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC raised its holdings in Boston Beer by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 18,677 shares of the company’s stock valued at $5,597,000 after acquiring an additional 279 shares in the last quarter. Jennison Associates LLC acquired a new position in Boston Beer in the 2nd quarter valued at approximately $397,000. Bessemer Group Inc. raised its holdings in Boston Beer by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 7,700 shares of the company’s stock valued at $2,308,000 after acquiring an additional 400 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Boston Beer by 38.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 4,996 shares of the company’s stock valued at $1,497,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Boston Beer by 204.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,300 shares of the company’s stock valued at $12,977,000 after acquiring an additional 29,100 shares in the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.

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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