Shares of alcohol companies are trading lower amid possible sympathy with Constellation Brands after Berkshire Hathaway disclosed in a 13F filing that it exited its entire position in that company's shares.

Brown‑Forman shares are trading higher after the company reported Q1 results that showed earnings per share up 6%, gross margin expansion, and strong cash flow, despite modest declines in net sales and operating income.

Jack Daniel's Parent Brown-Forman Warns First-Quarter Margin May Be the Year’s High Point

Brown-Forman Q1 sales slip to $911M missing estimates, but RTD brand growth and margin expansion lift shares 4%. Full analysis inside.

Brown-Forman CEO Says In Conference Call U.S.-Produced Spirits Remain Off The Shelves In Canada

Brown Forman Inc Class B Common Stock Q1 EPS $0.38 Misses $0.39 Estimate, Sales $911.000M Miss $933.020M Estimate

Brown Forman Inc Class B Common Stock (NYSE:BF) reported quarterly earnings of $0.38 per share which missed the analyst consensus estimate of $0.39 by 2.56 percent. This is a 5.56 percent increase over earnings of $0.36

UBS Maintains Neutral on Brown-Forman, Raises Price Target to $30

JP Morgan Maintains Underweight on Brown-Forman, Lowers Price Target to $25

JP Morgan analyst Drew Levine maintains Brown-Forman (NYSE:BF) with a Underweight and lowers the price target from $26 to $25.