Boston Beer Company Inc (NYSE:SAM) insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $186.81, for a total value of $1,868,100.00. Following the transaction, the insider now owns 42,273 shares in the company, valued at approximately $7,897,019.13. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Boston Beer Company Inc (NYSE:SAM) opened at $193.75 on Thursday. The firm has a market capitalization of $2,280.00, a price-to-earnings ratio of 26.43, a P/E/G ratio of 5.66 and a beta of 0.58. Boston Beer Company Inc has a 52-week low of $128.70 and a 52-week high of $197.05.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79. The business had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. Boston Beer’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 EPS. equities analysts forecast that Boston Beer Company Inc will post 6.22 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of SAM. Schwab Charles Investment Management Inc. grew its position in Boston Beer by 3.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,387 shares of the company’s stock worth $6,527,000 after acquiring an additional 1,481 shares during the last quarter. Legal & General Group Plc grew its position in Boston Beer by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 6,726 shares of the company’s stock worth $890,000 after acquiring an additional 1,127 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Boston Beer by 83.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,534 shares of the company’s stock worth $731,000 after acquiring an additional 2,524 shares during the last quarter. Victory Capital Management Inc. grew its position in Boston Beer by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after acquiring an additional 145 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Boston Beer by 43.8% during the 2nd quarter. Prudential Financial Inc. now owns 64,822 shares of the company’s stock worth $8,567,000 after acquiring an additional 19,736 shares during the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Insider Selling: Boston Beer Company Inc (SAM) Insider Sells 10,000 Shares of Stock” was published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2018/01/11/insider-selling-boston-beer-company-inc-sam-insider-sells-10000-shares-of-stock.html.
Boston Beer Company Profile
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.