Brown-Forman Class B (BF.B)

• Market cap: $13.7B
• 1 day: -0.28%
• 5 days: 3.35%
• 1 month: 5.49%
• 3 months: -15.45%
• 6 months: -15.84%
• Year to date: -21.97%
• 1 year: -33.20%
• 5 years: -55.15%
• 10 years: -11.18%
• Sector: Consumer Staples
• Industry: Beverages - Wineries & Distilleries

About: Brown-Forman is a US-based manufacturer of premium distilled spirits that generates 71% of revenue in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 45% of sales from its home market, while the bulk of international revenue comes from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Employees: 5,000

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 4 (+2) [Q1 2025]

34% more repeat investments, than reductions

Existing positions increased: 258 | Existing positions reduced: 193

13% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 82

11% more call options, than puts

Call options by funds: $46.7M | Put options by funds: $42.1M

3.54% more ownership

Funds ownership: 60.81% [Q4 2024] → 64.35% (+3.54%) [Q1 2025]

0% more funds holding

Funds holding: 621 [Q4 2024] → 624 (+3) [Q1 2025]

5% less capital invested

Capital invested by funds: $7.01B [Q4 2024] → $6.63B (-$379M) [Q1 2025]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $25 14% downside
• Avg. target: $30 2% upside
• High target: $35 21% upside

10 analyst ratings

• positive: 2 20%
• neutral: 6 60%
• negative: 2 20%

Redburn Atlantic Chris Pitcher	3% upside $30	Neutral Upgraded	9 Jul 2025
Truist Securities Bill Chappell	14% downside $25	Hold Maintained	12 Jun 2025
Roth Capital Bill Kirk	21% upside $35	Buy Maintained	10 Jun 2025
Deutsche Bank Steve Powers	0% downside $29	Hold Maintained	9 Jun 2025
Citigroup Filippo Falorni	3% downside $28	Neutral Maintained	6 Jun 2025