Boston Beer Company Inc (SAM) Chairman C James Koch Sells 525 Shares

Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 525 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $275.00, for a total value of $144,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, December 3rd, C James Koch sold 683 shares of Boston Beer stock. The shares were sold at an average price of $275.00, for a total value of $187,825.00.
  • On Friday, November 30th, C James Koch sold 9,317 shares of Boston Beer stock. The shares were 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 shares were 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 shares were 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 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 shares were sold at an average price of $318.68, for a total value of $3,186,800.00.

Boston Beer stock traded down $7.29 during midday trading on Friday, hitting $265.90. 100,348 shares of the company were exchanged, compared to its average volume of 102,325. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 3.65 and a beta of 0.51. Boston Beer Company Inc has a fifty-two week low of $160.40 and a fifty-two week high of $329.95.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, October 25th. The company reported $3.21 EPS for the quarter, missing the consensus estimate of $3.35 by ($0.14). The company had revenue of $326.85 million for the quarter, compared to analyst estimates of $270.60 million. Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. On average, sell-side analysts anticipate that Boston Beer Company Inc will post 7.48 earnings per share for the current fiscal year.

Several analysts recently commented on SAM shares. Citigroup raised their target price on Boston Beer from $285.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 29th. Zacks Investment Research lowered Boston Beer from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $270.00 target price on shares of Boston Beer in a report on Friday, October 26th. Berenberg Bank set a $290.00 target price on Boston Beer and gave the stock a “hold” rating in a report on Tuesday, September 11th. Finally, ValuEngine raised Boston Beer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $271.67.

Hedge funds have recently modified their holdings of the business. FMR LLC purchased a new position in Boston Beer during the second quarter worth approximately $216,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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. Cambridge Investment Research Advisors Inc. purchased a new position in Boston Beer during the third quarter worth approximately $224,000. Tocqueville Asset Management L.P. purchased a new position in Boston Beer during the second quarter worth approximately $236,000. Finally, People s United Financial Inc. purchased a new position in Boston Beer during the third quarter worth approximately $247,000. Institutional investors own 74.49% of the company’s stock.

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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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