5 Best Brewery and Distillery Stocks To Buy Now

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In this article, we discuss 5 best brewery and distillery stocks to buy now. If you want to see more stocks in this selection, check out 10 Best Brewery and Distillery Stocks To Buy Now

5. The Boston Beer Company, Inc. (NYSE:SAM)

Number of Hedge Fund Holders: 23

The Boston Beer Company, Inc. (NYSE:SAM) is involved in the production and distribution of alcoholic beverages, primarily within the United States. The company’s renowned beer, Samuel Adams Boston Lager, serves as their flagship product. As one of the major brewers in the United States, The Boston Beer Company, Inc. (NYSE:SAM)’s offerings can be found both domestically and internationally. It is one of the top alcohol stocks to invest in. Although Q1 2023 results missed Wall Street estimates, the company expects a FY 2023 GAAP EPS of $6.00 to $10.00, while the consensus estimate is $7.81.

On April 28, Filippo Falorni, an analyst at Citi, revised the price target for The Boston Beer Company, Inc. (NYSE:SAM), reducing it from $340 to $330, while the analyst maintained a Neutral rating on the company’s shares. This adjustment in price target came after The Boston Beer Company, Inc. (NYSE:SAM) reported lower-than-expected earnings in the first quarter. Falorni is now awaiting further indications of stabilization in Truly trends before making further assessments.

According to Insider Monkey’s fourth quarter database, 23 hedge funds were bullish on The Boston Beer Company, Inc. (NYSE:SAM), compared to 29 funds in the earlier quarter. GLG Partners is a prominent stakeholder of the company, with 44,365 shares worth $14.6 million. 

Here is what Artisan Mid-Cap Fund has to say about The Boston Beer Company, Inc. (NYSE:SAM) in its Q3 2021 investor letter:

“We ended our campaigns in Boston Beer Company. Boston Beer Company sells a focused portfolio of alcoholic beverage brands. In recent years, the company has emerged as one of the leaders in the hard seltzer category, which has grown over 150% in each of the past three years (2018-2020). Boston Beer’s Truly brand, the second-largest seller of hard seltzer, has benefited from this growth and was core to our investment thesis. However, the hard seltzer category’s growth has recently slowed to single digits, falling short of high investor expectations and pressuring Boston Beer’s earnings upside. Truly’s growth was core to our investment thesis, and a recovery is uncertain; thus, we ended our investment campaign.”

Follow Boston Beer Co Inc (NYSE:SAM)

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