National Beverage Corp. (NASDAQ:FIZZ) has earned a consensus broker rating score of 4.00 (Sell) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has given a hold rating to the company. National Beverage Corp.’s rating score has improved by 20% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus target price of $87.50 for the company, according to Zacks. Zacks has also given National Beverage Corp. an industry rank of 212 out of 265 based on the ratings given to related companies.
FIZZ has been the subject of a number of analyst reports. Credit Suisse Group downgraded shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price objective for the company. in a research report on Friday, July 21st. Maxim Group restated a “sell” rating and set a $40.00 target price (up previously from $33.00) on shares of National Beverage Corp. in a research note on Friday, September 8th. Finally, Susquehanna Bancshares Inc set a $108.00 price objective on shares of National Beverage Corp. and gave the stock a “hold” rating in a research note on Monday, October 23rd.
Shares of National Beverage Corp. (NASDAQ FIZZ) traded up $2.39 during trading on Wednesday, reaching $98.74. 406,300 shares of the company’s stock traded hands, compared to its average volume of 314,247. National Beverage Corp. has a 1 year low of $45.40 and a 1 year high of $129.82. The company has a market capitalization of $4,600.00, a PE ratio of 38.54 and a beta of 0.50.
National Beverage Corp. (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08. National Beverage Corp. had a net margin of 13.38% and a return on equity of 49.70%. The business had revenue of $259.83 million for the quarter.
Several institutional investors have recently made changes to their positions in FIZZ. Wells Fargo & Company MN grew its holdings in National Beverage Corp. by 2,488.3% during the 2nd quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock worth $43,684,000 after acquiring an additional 448,868 shares during the last quarter. Vanguard Group Inc. grew its holdings in National Beverage Corp. by 20.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock worth $102,472,000 after acquiring an additional 184,592 shares during the last quarter. FMR LLC grew its holdings in National Beverage Corp. by 20.0% during the 2nd quarter. FMR LLC now owns 940,821 shares of the company’s stock worth $88,023,000 after acquiring an additional 156,515 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in National Beverage Corp. by 806.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock worth $8,849,000 after acquiring an additional 84,150 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in National Beverage Corp. by 14.4% during the 2nd quarter. Renaissance Technologies LLC now owns 645,000 shares of the company’s stock worth $60,346,000 after acquiring an additional 81,000 shares during the last quarter. 21.12% of the stock is currently owned by institutional investors.
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National Beverage Corp. Company Profile
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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