A Director at Boston Beer (NYSE: SAM) is Selling Shares

By Carrie Williams

Today, a Director at Boston Beer (NYSE: SAM), Cynthia Fisher, sold shares of SAM for $972K.

In addition to Cynthia Fisher, 5 other SAM executives reported Sell trades in the last month.

Based on Boston Beer’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $219 million and quarterly net profit of $22.17 million. In comparison, last year the company earned revenue of $215 million and had a net profit of $16.12 million. The company has a one year high of $195.35 and a one year low of $145.30. SAM’s market cap is $1.9B and the company has a P/E ratio of 22.52.

Eight different firms, including Berenberg Bank and Citigroup, currently also have a Sell rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $154.50, reflecting a -1.7% downside.

The insider sentiment on Boston Beer has been negative according to 80 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Boston Beer Co., Inc. engages in the business of producing and selling alcoholic beverages. It produces malt beverages and hard cider products at company owned breweries and under contract arrangements at other brewery locations. The company operates through the following segments: Boston Beer Company and A&S Brewing Collaborative. The Boston Beer Company segment is comprised of the Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment includes Angel City Brewing Company and Concrete Beach Brewing Company. Boston Beer was founded by C. James Koch in 1984 and is headquartered in Boston, MA.