It's clear 2013 was a great year to be an investor. The market saw big gains across the board, with the Dow Jones Industrial Average hitting all time-highs throughout November, even closing above 16,000 for the first time ever.
A number of stocks also posted outstanding gains -- and Craft Brew Alliance (NASDAQ:BREW) was among them.
The brewer boasts several popular brands, including Kona Brewing and Redhook Ale Brewery. Craft Brew Alliance is growing at a double-digit rate, which is enviable growth for any company. The beer bottler is benefiting from consumers' tastes pivoting away from the major beer producers and toward smaller craft brands.
Motley Fool analyst Charly Travers likes the stock even at its pricey multiple. He believes that as Craft Brew Alliance grows and continues to scale, the company's margins will almost certainly expand.
Charly Travers has no position in any stocks mentioned. Erin Kennedy has no position in any stocks mentioned. The Motley Fool recommends Boston Beer. The Motley Fool owns shares of Boston Beer. 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.