QV Investors Inc. Boosts Stock Holdings in The Boston Beer Company, Inc. (NYSE:SAM)

QV Investors Inc. lifted its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,650 shares of the company’s stock after buying an additional 80 shares during the period. QV Investors Inc.’s holdings in Boston Beer were worth $5,971,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SAM. Creative Planning grew its position in Boston Beer by 6.5% during the 3rd quarter. Creative Planning now owns 2,540 shares of the company’s stock worth $734,000 after acquiring an additional 155 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Boston Beer by 15.8% during the third quarter. Exchange Traded Concepts LLC now owns 2,565 shares of the company’s stock valued at $742,000 after purchasing an additional 350 shares during the period. CWM LLC grew its holdings in shares of Boston Beer by 726.0% in the third quarter. CWM LLC now owns 5,146 shares of the company’s stock worth $1,488,000 after purchasing an additional 4,523 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Boston Beer by 136.7% in the third quarter. SG Americas Securities LLC now owns 2,644 shares of the company’s stock worth $764,000 after buying an additional 1,527 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Boston Beer during the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Trading Up 0.7 %

SAM opened at $277.24 on Wednesday. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The stock has a fifty day simple moving average of $275.94 and a two-hundred day simple moving average of $282.16. The Boston Beer Company, Inc. has a 12-month low of $254.40 and a 12-month high of $378.08.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.60). Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The business had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. During the same quarter in the previous year, the business earned $4.72 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that The Boston Beer Company, Inc. will post 9.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SAM. Roth Mkm cut their price target on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their target price on Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Royal Bank of Canada lowered their price target on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Finally, Piper Sandler cut their price objective on Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer currently has a consensus rating of “Hold” and an average target price of $326.92.

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.