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Sectors & IndustriesConsumer DefensiveBeverages - Wineries & Distilleries
Best Wine Stocks to Buy Now (2023)
Top wine stocks in 2023 ranked by overall Zen Score. See the best wine stocks to buy now, according to analyst forecasts for the beverages - wineries & distilleries industry.

Industry: Beverages - Wineries & Di...
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
NAPA
DUCKHORN PORTFOLIO INC
United States
$1.04B115,367,71062.86%37.14%Net SellingNet Selling
STZ
CONSTELLATION BRANDS INC
United States
$43.32B183,685,92241.88%58.12%Net SellingNet Selling
DEO
DIAGEO PLC
United Kingdom
$86.42B2,459,843,0652.23%0.00%
MGPI
MGP INGREDIENTS INC
United States
$1.90B22,016,11324.01%75.99%Net SellingNet Selling
SNDL
SNDL INC
Canada
$377.71M260,489,8504.95%0.00%
EAST
EASTSIDE DISTILLING INC
United States
$1.67M1,561,9530.01%99.99%Net BuyingNet Buying
BF.B
BROWN FORMAN CORP
United States
$25.93B475,620,32736.79%34.01%Net SellingNet Buying
VWE
VINTAGE WINE ESTATES INC
United States
$30.11M59,626,42325.67%74.33%Net BuyingNet Buying
SBEV
SPLASH BEVERAGE GROUP INC
United States
$28.04M43,817,7766.18%3.16%Net Buying
WVVI
WILLAMETTE VALLEY VINEYARDS INC
United States
$25.57M4,964,52912.17%33.35%Net Buying
LQR
LQR HOUSE INC
United States
$157.94k153,3405.35%94.65%Net BuyingNet Buying
VINE
FRESH VINE WINE INC
United States
$11.02M15,976,2272.58%97.42%Net SellingNet Selling
1

Wine Stocks FAQ

What are the best wine stocks to buy right now in Dec 2023?

According to Zen Score, the 3 best alcohol stocks to buy right now are:

1. Duckhorn Portfolio (NYSE:NAPA)


Duckhorn Portfolio (NYSE:NAPA) is the top wine stock with a Zen Score of 61, which is 29 points higher than the wine industry average of 32. It passed 20 out of 33 due diligence checks and has strong fundamentals. Duckhorn Portfolio has seen its stock lose -43.16% over the past year, underperforming other wine stocks by -25 percentage points.

Duckhorn Portfolio has an average 1 year price target of $13.83, an upside of 54.04% from Duckhorn Portfolio's current stock price of $8.98.

Duckhorn Portfolio stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Duckhorn Portfolio, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Constellation Brands (NYSE:STZ)


Constellation Brands (NYSE:STZ) is the second best wine stock with a Zen Score of 51, which is 19 points higher than the wine industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Constellation Brands has seen its stock lose -4.38% over the past year, overperforming other wine stocks by 14 percentage points.

Constellation Brands has an average 1 year price target of $290.50, an upside of 23.17% from Constellation Brands's current stock price of $235.86.

Constellation Brands stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Constellation Brands, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Diageo (NYSE:DEO)


Diageo (NYSE:DEO) is the third best wine stock with a Zen Score of 43, which is 11 points higher than the wine industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. Diageo has seen its stock lose -25.48% over the past year, underperforming other wine stocks by -7 percentage points.

What are the wine stocks with highest dividends?

Out of 4 wine stocks that have issued dividends in the past year, the 3 wine stocks with the highest dividend yields are:

1. Diageo (NYSE:DEO)


Diageo (NYSE:DEO) has an annual dividend yield of 2.87%, which is 2 percentage points higher than the wine industry average of 1.32%. Diageo's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Diageo's dividend has shown consistent growth over the last 10 years.

Diageo's dividend payout ratio of 44.4% indicates that its dividend yield is sustainable for the long-term.

2. Constellation Brands (NYSE:STZ)


Constellation Brands (NYSE:STZ) has an annual dividend yield of 1.47%, which is the same as the wine industry average of 1.32%. Constellation Brands's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Constellation Brands's dividend has shown consistent growth over the last 10 years.

Constellation Brands's dividend payout ratio of 40% indicates that its dividend yield is sustainable for the long-term.

3. Mgp Ingredients (NASDAQ:MGPI)


Mgp Ingredients (NASDAQ:MGPI) has an annual dividend yield of 0.56%, which is -1 percentage points lower than the wine industry average of 1.32%. Mgp Ingredients's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Mgp Ingredients's dividend has shown consistent growth over the last 10 years.

Mgp Ingredients's dividend payout ratio of 10.8% indicates that its dividend yield is sustainable for the long-term.

Why are wine stocks up?

Wine stocks were up 0.63% in the last day, and down -1.82% over the last week.

We couldn't find a catalyst for why wine stocks are up.

What are the most undervalued wine stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued wine stocks right now are:

1. Mgp Ingredients (NASDAQ:MGPI)


Mgp Ingredients (NASDAQ:MGPI) is the most undervalued wine stock based on WallStreetZen's Valuation Score. Mgp Ingredients has a valuation score of 57, which is 30 points higher than the wine industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Mgp Ingredients's stock has dropped -25.8% in the past year. It has underperformed other stocks in the wine industry by -7 percentage points.

2. Duckhorn Portfolio (NYSE:NAPA)


Duckhorn Portfolio (NYSE:NAPA) is the second most undervalued wine stock based on WallStreetZen's Valuation Score. Duckhorn Portfolio has a valuation score of 57, which is 30 points higher than the wine industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Duckhorn Portfolio's stock has dropped -43.16% in the past year. It has underperformed other stocks in the wine industry by -25 percentage points.

3. Eastside Distilling (NASDAQ:EAST)


Eastside Distilling (NASDAQ:EAST) is the third most undervalued wine stock based on WallStreetZen's Valuation Score. Eastside Distilling has a valuation score of 43, which is 16 points higher than the wine industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Eastside Distilling's stock has dropped -80.83% in the past year. It has underperformed other stocks in the wine industry by -63 percentage points.

Are wine stocks a good buy now?

57.14% of wine stocks rated by analysts are a strong buy right now. On average, analysts expect wine stocks to rise by 33.55% over the next year.

What is the average p/e ratio of the beverages - wineries & distilleries industry?

The average P/E ratio of the beverages - wineries & distilleries industry is 22.33x.
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