The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin helps investors answer the question: Should I buy Boston Beer? While both the company and the industry are both being priced for long-term growth, Austin believes it is justified. Despite Boston Beer's run-up over the past five years, it still has a lot of room to grow.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Diageo, Boston Beer, and Molson Coors Brewing. Motley Fool newsletter services recommend Diageo, Boston Beer, and Molson Coors Brewing. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.