Boston Beer Company Inc (NYSE:SAM) Chairman Sells $2,628,850.00 in Stock

Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 7,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $375.55, for a total transaction of $2,628,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, September 16th, C James Koch sold 7,000 shares of Boston Beer stock. The stock was sold at an average price of $388.15, for a total transaction of $2,717,050.00.
  • On Friday, September 13th, C James Koch sold 7,000 shares of Boston Beer stock. The stock was sold at an average price of $389.12, for a total transaction of $2,723,840.00.
  • On Wednesday, September 11th, C James Koch sold 7,000 shares of Boston Beer stock. The stock was sold at an average price of $378.52, for a total transaction of $2,649,640.00.
  • On Monday, September 9th, C James Koch sold 14,000 shares of Boston Beer stock. The stock was sold at an average price of $399.78, for a total transaction of $5,596,920.00.

Shares of NYSE:SAM traded up $14.73 during trading on Friday, reaching $385.84. 165,342 shares of the company’s stock traded hands, compared to its average volume of 169,917. Boston Beer Company Inc has a 12 month low of $230.93 and a 12 month high of $444.64. The company has a 50 day moving average of $396.03 and a 200-day moving average of $351.03. The stock has a market capitalization of $4.48 billion, a P/E ratio of 51.65, a price-to-earnings-growth ratio of 4.09 and a beta of 0.63.



Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.51. Boston Beer had a net margin of 9.92% and a return on equity of 22.89%. The business had revenue of $318.40 million during the quarter, compared to the consensus estimate of $308.49 million. During the same quarter in the prior year, the firm earned $1.98 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that Boston Beer Company Inc will post 9.05 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in Boston Beer in the 3rd quarter worth about $593,000. Atria Investments LLC bought a new position in Boston Beer in the 2nd quarter worth about $214,000. BlackRock Inc. grew its position in Boston Beer by 1.5% in the 2nd quarter. BlackRock Inc. now owns 1,006,033 shares of the company’s stock worth $380,039,000 after purchasing an additional 14,768 shares during the last quarter. Maverick Capital Ltd. grew its position in Boston Beer by 102.2% in the 2nd quarter. Maverick Capital Ltd. now owns 17,310 shares of the company’s stock worth $6,539,000 after purchasing an additional 8,750 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Boston Beer by 14.3% in the 2nd quarter. Royal Bank of Canada now owns 24,168 shares of the company’s stock worth $9,130,000 after purchasing an additional 3,024 shares during the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.

SAM has been the subject of several research analyst reports. BMO Capital Markets raised shares of Boston Beer from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $350.00 to $410.00 in a research report on Thursday, September 26th. Macquarie raised shares of Boston Beer from a “neutral” rating to an “outperform” rating and set a $460.00 target price for the company in a research report on Wednesday, August 7th. Credit Suisse Group boosted their target price on shares of Boston Beer from $320.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Deutsche Bank began coverage on shares of Boston Beer in a research report on Friday, September 27th. They set a “hold” rating and a $380.00 price objective for the company. Finally, ValuEngine downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $370.29.

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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