Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch Sells 1,116 Shares

Boston Beer Company Inc (NYSE:SAM) Chairman C James Koch sold 1,116 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $566.95, for a total value of $632,716.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, June 16th, C James Koch sold 687 shares of Boston Beer stock. The stock was sold at an average price of $560.21, for a total value of $384,864.27.
  • On Friday, June 12th, C James Koch sold 10,000 shares of Boston Beer stock. The shares were sold at an average price of $510.39, for a total value of $5,103,900.00.
  • On Wednesday, June 10th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $527.65, for a total value of $5,276,500.00.
  • On Monday, June 8th, C James Koch sold 10,000 shares of Boston Beer stock. The shares were sold at an average price of $533.66, for a total transaction of $5,336,600.00.
  • On Wednesday, April 29th, C James Koch sold 10,000 shares of Boston Beer stock. The stock was sold at an average price of $466.43, for a total transaction of $4,664,300.00.
  • On Monday, April 27th, C James Koch sold 10,000 shares of Boston Beer stock. The shares were sold at an average price of $454.13, for a total transaction of $4,541,300.00.
  • On Friday, April 24th, C James Koch sold 20,000 shares of Boston Beer stock. The stock was sold at an average price of $433.14, for a total transaction of $8,662,800.00.
  • On Wednesday, April 22nd, C James Koch sold 4,218 shares of Boston Beer stock. The stock was sold at an average price of $426.39, for a total transaction of $1,798,513.02.
  • On Monday, April 20th, C James Koch sold 300 shares of Boston Beer stock. The shares were sold at an average price of $420.49, for a total value of $126,147.00.
  • On Friday, April 17th, C James Koch sold 100 shares of Boston Beer stock. The stock was sold at an average price of $422.00, for a total value of $42,200.00.

NYSE SAM opened at $547.63 on Wednesday. Boston Beer Company Inc has a 12 month low of $290.02 and a 12 month high of $587.84. The company has a current ratio of 1.80, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $6.87 billion, a PE ratio of 63.53 and a beta of 0.85. The stock’s 50 day moving average is $527.86 and its 200 day moving average is $420.82.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.32). Boston Beer had a net margin of 7.74% and a return on equity of 15.05%. The company had revenue of $330.60 million for the quarter, compared to the consensus estimate of $346.70 million. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was up 31.2% on a year-over-year basis. On average, analysts forecast that Boston Beer Company Inc will post 9.98 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in SAM. NEXT Financial Group Inc increased its stake in Boston Beer by 14.8% in the 1st quarter. NEXT Financial Group Inc now owns 217 shares of the company’s stock worth $80,000 after acquiring an additional 28 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Boston Beer by 4.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 707 shares of the company’s stock worth $260,000 after purchasing an additional 30 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Boston Beer by 3.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,353 shares of the company’s stock worth $497,000 after purchasing an additional 43 shares during the last quarter. Shilanski & Associates Inc. raised its stake in Boston Beer by 2.2% during the first quarter. Shilanski & Associates Inc. now owns 2,434 shares of the company’s stock valued at $895,000 after purchasing an additional 52 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Boston Beer by 10.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 655 shares of the company’s stock valued at $241,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

A number of analysts recently commented on SAM shares. Goldman Sachs Group reiterated a “buy” rating and set a $415.00 price objective on shares of Boston Beer in a research report on Wednesday, April 1st. Guggenheim boosted their price objective on shares of Boston Beer from $549.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Credit Suisse Group lowered Boston Beer from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $537.70 to $505.00 in a research note on Thursday, May 28th. They noted that the move was a valuation call. MKM Partners downgraded Boston Beer from a “buy” rating to a “neutral” rating and lifted their target price for the company from $351.00 to $371.00 in a research report on Thursday, April 16th. Finally, Cowen restated a “buy” rating and issued a $650.00 price target on shares of Boston Beer in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Boston Beer presently has a consensus rating of “Buy” and a consensus price target of $477.15.

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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