Boston Beer Company Inc (NYSE:SAM) Director Cynthia A. Fisher Sells 681 Shares of Stock

Boston Beer Company Inc (NYSE:SAM) Director Cynthia A. Fisher sold 681 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $565.00, for a total value of $384,765.00. Following the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $226,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SAM stock opened at $547.63 on Wednesday. The business has a 50 day moving average of $527.86 and a 200 day moving average of $420.82. The firm has a market cap of $6.87 billion, a PE ratio of 63.53 and a beta of 0.85. Boston Beer Company Inc has a twelve month low of $290.02 and a twelve month high of $587.84. The company has a quick ratio of 1.13, a current ratio of 1.80 and a debt-to-equity ratio of 0.13.

Boston Beer (NYSE:SAM) last released its earnings results on Wednesday, April 22nd. The company reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.32). Boston Beer had a return on equity of 15.05% and a net margin of 7.74%. The company had revenue of $330.60 million during the quarter, compared to the consensus estimate of $346.70 million. During the same period last year, the firm posted $1.87 earnings per share. The company’s revenue was up 31.2% compared to the same quarter last year. On average, research analysts expect that Boston Beer Company Inc will post 9.98 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new position in Boston Beer in the 1st quarter worth approximately $59,000. FMR LLC boosted its stake in Boston Beer by 29.0% during the 1st quarter. FMR LLC now owns 90,102 shares of the company’s stock valued at $26,555,000 after purchasing an additional 20,259 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Boston Beer by 3.5% in the 1st quarter. First Trust Advisors LP now owns 10,480 shares of the company’s stock worth $3,089,000 after purchasing an additional 356 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Boston Beer by 84.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 157 shares of the company’s stock worth $59,000 after purchasing an additional 72 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Boston Beer by 93.2% during the fourth quarter. Bank of Montreal Can now owns 2,063 shares of the company’s stock valued at $779,000 after purchasing an additional 995 shares in the last quarter. 72.34% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on SAM. Goldman Sachs Group reissued a “buy” rating and set a $415.00 price objective on shares of Boston Beer in a research report on Wednesday, April 1st. Royal Bank of Canada increased their price target on shares of Boston Beer from $427.00 to $575.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Deutsche Bank raised their price objective on shares of Boston Beer from $409.00 to $481.00 and gave the stock a “hold” rating in a report on Tuesday, May 19th. Guggenheim upped their target price on Boston Beer from $549.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Credit Suisse Group cut Boston Beer from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $537.70 to $505.00 in a research note on Thursday, May 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $477.15.

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 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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