The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) insider Carolyn L. O'boyle sold 62 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $288.86, for a total value of $17,909.32. Following the sale, the insider now owns 6,841 shares in the company, valued at $1,976,091.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Boston Beer Trading Down 1.0 %
Shares of NYSE:SAM opened at $285.32 on Thursday. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $393.65. The firm has a market cap of $3.34 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. The company has a fifty day simple moving average of $276.27 and a 200 day simple moving average of $283.91.
Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. During the same period in the prior year, the firm earned $4.72 earnings per share. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Boston Beer Company, Inc. will post 9.65 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Several hedge funds and other institutional investors have recently modified their holdings of SAM. Mesirow Institutional Investment Management Inc. bought a new position in shares of Boston Beer during the second quarter valued at approximately $16,014,000. D. E. Shaw & Co. Inc. grew its holdings in Boston Beer by 80.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company's stock worth $35,000,000 after buying an additional 51,003 shares in the last quarter. Norges Bank bought a new stake in Boston Beer during the 4th quarter valued at $13,879,000. Jane Street Group LLC grew its stake in shares of Boston Beer by 171.8% in the first quarter. Jane Street Group LLC now owns 15,876 shares of the company's stock worth $4,833,000 after purchasing an additional 37,985 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Boston Beer by 190.6% in the second quarter. Assenagon Asset Management S.A. now owns 46,659 shares of the company's stock worth $14,233,000 after purchasing an additional 30,601 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. StockNews.com cut Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, June 12th. Roth Mkm decreased their price target on shares of Boston Beer from $395.00 to $389.00 and set a "buy" rating on the stock in a research note on Friday, July 26th. Morgan Stanley raised shares of Boston Beer from an "underweight" rating to an "equal weight" rating and set a $290.00 price objective for the company in a research report on Wednesday, June 5th. Piper Sandler decreased their target price on shares of Boston Beer from $344.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Boston Beer from $273.00 to $283.00 and gave the company a "hold" rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Boston Beer currently has a consensus rating of "Hold" and a consensus target price of $326.92.
Read Our Latest Stock Analysis on SAM
About Boston Beer
(
Get Free Report)
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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.
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