C James Koch Sells 683 Shares of Boston Beer Company Inc (SAM) Stock

Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 683 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $275.00, for a total value of $187,825.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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 stock was 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.

SAM stock opened at $273.19 on Friday. Boston Beer Company Inc has a 52-week low of $160.40 and a 52-week high of $329.95. The stock has a market cap of $3.14 billion, a PE ratio of 45.46, a PEG ratio of 3.66 and a beta of 0.51.



Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, October 25th. The company reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by ($0.14). Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. The firm had revenue of $326.85 million for the quarter, compared to analysts’ expectations of $270.60 million. As a group, research analysts predict that Boston Beer Company Inc will post 7.48 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. FMR LLC purchased a new stake in shares of Boston Beer during the 2nd quarter worth about $216,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Boston Beer by 69.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock worth $219,000 after acquiring an additional 300 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Boston Beer during the 3rd quarter worth about $224,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Boston Beer during the 2nd quarter worth about $236,000. Finally, People s United Financial Inc. purchased a new stake in shares of Boston Beer during the 3rd quarter worth about $247,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on SAM. ValuEngine raised Boston Beer from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. Citigroup increased their price target on Boston Beer from $285.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $270.00 price target on shares of Boston Beer in a research report on Friday, October 26th. Zacks Investment Research raised Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Finally, Guggenheim began coverage on Boston Beer in a research report on Thursday, September 13th. They set a “buy” rating and a $381.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $271.67.

ILLEGAL ACTIVITY WARNING: “C James Koch Sells 683 Shares of Boston Beer Company Inc (SAM) Stock” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://dakotafinancialnews.com/2018/12/07/c-james-koch-sells-683-shares-of-boston-beer-company-inc-sam-stock.html.

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.

Further Reading: Penny Stocks, What You Need To Know

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

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.

Leave a Reply