10 Best Alcohol Stocks To Buy According to Analysts

5. Brown-Forman Corporation (NYSE:BF-B)

Stock Upside Potential: 34.52%

Ranked at number 5 on our list of the Best Alcohol Stocks According to Analysts is Brown-Forman Corporation (NYSE:BF-B), a major player in the global spirits industry that engages in the production and distribution of alcoholic beverages.

Brown-Forman Corporation (NYSE:BF-B)’s stock recently hit a 10-year low as the company faces challenges in the post-Covid environment, primarily due to changing consumer preferences, a general slowdown in the spirits industry, and the looming threat of 50% tariffs by the European Union on American whiskeys. The company reported a 5% YoY decline in net sales for the first six months of FY 2025, largely due to its divestitures of Finlandia vodka and the Sonoma-Cutrer wine business. BF’s sales dipped by 3% also in the challenging US market, primarily due to its flagship Jack Daniel’s expression.

As a result, Brown-Forman Corporation (NYSE:BF-B) has recently announced a series of strategic initiatives to position itself for continued growth in the dynamic global spirits market, including restructuring the executive leadership team, implementing a workforce reduction affecting approximately 12% of the company’s 5,400 strong global workforce, and closing the Louisville-based Brown‑Forman Cooperage. These moves are projected to deliver approximately $70 to $80 million in annualized cost savings collectively, a portion of which is expected to be reinvested to accelerate growth. Moreover, the company will also receive $30 million in proceeds in connection with the sale of the cooperage assets.

Brown-Forman Corporation (NYSE:BF-B)’s tequila portfolio also plummeted by 17% YoY in Q2 2025 and is set to decline even further after the imposition of President Trump’s 25% blanket tariffs on Mexico. However, if the tariffs aren’t imposed, the company’s tequila business is expected to benefit significantly from the excess supply of agave plants due to over-planting, thus bringing down costs and increasing margins.

Brown-Forman Corporation (NYSE:BF-B) announced a 4% increase in its quarterly cash dividend to $0.2265 per share in November 2024. The company has paid regular quarterly cash dividends for 81 consecutive years and has increased the regular dividend for 41 consecutive years, making it a proud member of the prestigious S&P 500 Dividend Aristocrats Index.