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

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

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Boston Beer in the fourth quarter valued at approximately $333,000. Capital Performance Advisors LLP raised its holdings in Boston Beer by 57.5% in the 4th quarter. Capital Performance Advisors LLP now owns 753 shares of the company's stock valued at $226,000 after acquiring an additional 275 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Boston Beer by 66.9% in the 4th quarter. Venturi Wealth Management LLC now owns 836 shares of the company's stock valued at $251,000 after acquiring an additional 335 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of Boston Beer by 67.2% during the 4th quarter. Alberta Investment Management Corp now owns 11,540 shares of the company's stock valued at $3,462,000 after acquiring an additional 4,640 shares during the period. Finally, Ieq Capital LLC grew its holdings in shares of Boston Beer by 688.3% during the 4th quarter. Ieq Capital LLC now owns 15,379 shares of the company's stock worth $4,613,000 after purchasing an additional 13,428 shares in the last quarter. Institutional investors own 81.13% of the company's stock.

Analyst Ratings Changes

SAM has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. UBS Group boosted their target price 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. Wall Street Zen upgraded shares of Boston Beer from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Roth Mkm restated a "buy" rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $286.12.

Boston Beer Price Performance

Shares of NYSE SAM traded down $4.02 during mid-day trading on Friday, hitting $197.54. 456,781 shares of the stock traded hands, compared to its average volume of 159,561. The company has a market cap of $2.20 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05. The Boston Beer Company, Inc. has a twelve month low of $196.55 and a twelve month high of $329.55. The firm has a 50 day simple moving average of $233.36 and a two-hundred day simple moving average of $249.72.

Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $0.78 by $1.38. Boston Beer had a return on equity of 13.81% and a net margin of 3.30%. The company had revenue of $481.36 million for the quarter, compared to analysts' expectations of $436.27 million. During the same period in the previous year, the business posted $1.04 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

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.