Best Booze Stocks to Buy Now - Craft Brew Alliance (BREW)
Craft Brew Alliance (BREW) makes craft beers under three very popular brands for beer aficionados. The Widmar Brothers, Redhook and Kona brands of beer have all received rave reviews … and that’s just one reason BREW is one of the best beer stocks to buy now.
See, Craft Brew Alliance sells it beer directly to consumers in draft and bottles at restaurants, bars, and liquor stores, as well as in bottles at supermarkets, warehouse clubs, convenience stores, and drug stores. It also operates five brew pubs and sells memorabilia and collectible merchandise. That’s helped it quickly grow to the fifth largest craft brewer in the U.S.
Sales and earnings are growing at a fantastic rate, too, as the latest quarter showed 100% year-over-year profit growth. The stellar fundamentals were picked up by Portfolio Grader last month and the stock was upgraded to an A. BREW stock remains a “strong buy” at the current price, and rounds out our list of the best booze stocks to buy now.
Louis Navellier is the editor of Blue Chip Growth. As of this writing, he did not hold a position in any of the aforementioned securities.