Cardinal Capital Management Purchases 1,267 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Cardinal Capital Management increased its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 45.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,051 shares of the company’s stock after purchasing an additional 1,267 shares during the quarter. Cardinal Capital Management’s holdings in Boston Beer were worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Boston Beer by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock worth $317,425,000 after purchasing an additional 21,060 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Boston Beer by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock valued at $49,080,000 after purchasing an additional 7,615 shares during the period. AQR Capital Management LLC lifted its holdings in Boston Beer by 65.9% in the 3rd quarter. AQR Capital Management LLC now owns 115,411 shares of the company’s stock worth $44,433,000 after buying an additional 45,864 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Boston Beer by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 107,312 shares of the company’s stock worth $37,086,000 after buying an additional 3,382 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Boston Beer by 1.9% during the third quarter. Northern Trust Corp now owns 70,324 shares of the company’s stock valued at $27,393,000 after buying an additional 1,315 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Trading Down 0.3 %

Shares of SAM opened at $302.58 on Friday. The Boston Beer Company, Inc. has a 12 month low of $254.40 and a 12 month high of $395.52. The stock has a fifty day moving average price of $284.60 and a 200-day moving average price of $314.08. The firm has a market cap of $3.62 billion, a PE ratio of 37.96, a P/E/G ratio of 1.14 and a beta of 1.09.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.96. The company had revenue of $426.05 million during the quarter, compared to analysts’ expectations of $414.18 million. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. As a group, research analysts forecast that The Boston Beer Company, Inc. will post 10.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAM. Morgan Stanley raised shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price for the company in a research report on Wednesday, June 5th. Piper Sandler started coverage on shares of Boston Beer in a research note on Friday, March 22nd. They issued an “overweight” rating and a $350.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating on the stock in a report on Tuesday, April 9th. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Finally, Evercore ISI upped their price target on Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Boston Beer presently has a consensus rating of “Hold” and an average target price of $335.00.

Insider Activity at Boston Beer

In related news, insider Carolyn L. O’boyle sold 101 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the sale, the insider now directly owns 7,029 shares in the company, valued at $2,133,231.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.30% of the company’s stock.

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.