Boston Beer Company Inc (NYSE:SAM) CFO Sells $5,353,565.04 in Stock

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Boston Beer Company Inc (NYSE:SAM) CFO Frank H. Smalla sold 6,309 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $848.56, for a total transaction of $5,353,565.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE SAM opened at $874.38 on Wednesday. Boston Beer Company Inc has a 12-month low of $290.02 and a 12-month high of $897.50. The company has a market capitalization of $10.68 billion, a PE ratio of 78.49 and a beta of 1.00. The firm’s 50 day moving average is $837.19 and its 200-day moving average is $568.67.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $4.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $2.68. Boston Beer had a net margin of 9.18% and a return on equity of 17.51%. The company had revenue of $452.14 million for the quarter, compared to the consensus estimate of $418.75 million. On average, sell-side analysts predict that Boston Beer Company Inc will post 13.17 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP grew its stake in shares of Boston Beer by 2.4% in the second quarter. Two Sigma Advisers LP now owns 4,300 shares of the company’s stock valued at $2,308,000 after buying an additional 100 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Boston Beer in the second quarter valued at $1,202,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Boston Beer by 7.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 1,400 shares of the company’s stock valued at $751,000 after buying an additional 100 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Boston Beer by 20.6% in the second quarter. Neuberger Berman Group LLC now owns 32,176 shares of the company’s stock valued at $17,267,000 after buying an additional 5,500 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Boston Beer by 17.5% in the second quarter. California State Teachers Retirement System now owns 14,924 shares of the company’s stock valued at $8,009,000 after buying an additional 2,224 shares in the last quarter. 70.66% of the stock is owned by institutional investors and hedge funds.

SAM has been the topic of a number of analyst reports. Cowen increased their price target on shares of Boston Beer from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Goldman Sachs Group increased their price target on shares of Boston Beer from $790.00 to $925.00 in a research report on Monday, August 17th. Jefferies Financial Group reiterated an “underperform” rating on shares of Boston Beer in a research report on Friday, July 24th. MKM Partners increased their price target on shares of Boston Beer from $353.00 to $780.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $635.00 price target on shares of Boston Beer in a research report on Monday, July 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $677.64.

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 offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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

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