Shares Of Brown Forman Inc Class B (BF.B) Have Risen Above P...| MENAFN.COM

Saturday, 13 August 2022 01:01 GMT

Shares Of Brown Forman Inc Class B (BF.B) Have Risen Above Previous 52-Week High


(MENAFN- Investor Brand Network)

Brown Forman Inc Class B (NYSE:BF.B) traded today at a new 52-week high of $76.51. Approximately 171,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Brown-Forman is the largest U.S.-domiciled producer of distilled spirits. The firm reports only a single operating segment, and whiskey represents its primary business driver, generating roughly three quarters of sales, undergirded by the Jack Daniel's brand as well as bourbons such as Woodford Reserve and Old Forrester. Notable nonwhiskey offerings include tequilas such as el Jimador and Herradura. The firm operates globally, with products sold in more than 170 countries, and adapts its route-to-consumer model depending on regulation as well as the prevailing competitive dynamics in a given market. For example, it sells through distributors in the U.S. but operates its own logistics apparatus in many other countries. The company remains under the control of the Brown family.

Brown Forman Inc Class B (NYSE:BF.B) is currently priced 2.6% above its average consensus analyst price target of $74.30.

Brown Forman Inc Class B share prices have moved between a 52-week high of $76.51 and a 52-week low of $60.23 and are now trading 27% above that low price at $76.25 per share.

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