5 Best Whiskey and Alcohol Stocks to Buy in 2021
The Boston Beer Company, Inc. (NYSE: SAM) is a Massachusetts-based brewery founded in 1984. It is placed fifth on our list of 10 best whiskey and alcohol stocks to buy in 2021. The company owns the Samuel Adams Boston Lager brand, as well as others like Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, and Angel City, among others. Boston Beer has returned more than 130% to investors over the past year. The firm has operations in North America, South America, Australia, Asia, and Central America.
On April 26, investment advisory Citi downgraded The Boston Beer Company, Inc. (NYSE: SAM) to Neutral from Buy while boosting the price target to $1,395. The firm expects 45% growth in revenue for the brewery in this fiscal year, which Citi terms the peak of its top line growth rate given market competition.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in the firm with 373,500 shares worth more than $371 million.
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