Cardinal Capital Management Has $1.87 Million Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

Cardinal Capital Management boosted its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 30.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,841 shares of the company's stock after purchasing an additional 1,850 shares during the period. Cardinal Capital Management owned about 0.07% of Boston Beer worth $1,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SAM. Charles Schwab Investment Management Inc. boosted its position in Boston Beer by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock valued at $28,305,000 after acquiring an additional 4,675 shares during the last quarter. Norges Bank acquired a new stake in shares of Boston Beer in the 4th quarter worth about $30,741,000. Wedge Capital Management L L P NC raised its holdings in shares of Boston Beer by 51.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company's stock worth $2,052,000 after acquiring an additional 2,932 shares during the last quarter. Alberta Investment Management Corp raised its holdings in shares of Boston Beer by 67.2% in the 4th quarter. Alberta Investment Management Corp now owns 11,540 shares of the company's stock worth $3,462,000 after acquiring an additional 4,640 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new position in shares of Boston Beer in the 4th quarter worth approximately $23,349,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Trading Down 0.5%

SAM stock opened at $207.49 on Tuesday. The firm's 50-day moving average price is $235.66 and its two-hundred day moving average price is $251.16. The Boston Beer Company, Inc. has a 12-month low of $205.18 and a 12-month high of $329.55. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.23 and a beta of 1.05.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.38. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The company had revenue of $481.36 million for the quarter, compared to analysts' expectations of $436.27 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. Boston Beer's quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup boosted their target price on Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. Berenberg Bank assumed coverage on shares of Boston Beer in a report on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price objective for the company. Roth Mkm reissued a "buy" rating and issued a $349.00 price target (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. Finally, UBS Group raised their price objective on shares of Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer presently has a consensus rating of "Hold" and a consensus price target of $286.12.

Boston Beer 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, 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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