Shares of National Beverage Corp. (NASDAQ:FIZZ) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and one has assigned a strong buy recommendation to the company. National Beverage’s rating score has improved by 40% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus target price of $87.50 for the company, according to Zacks. Zacks has also given National Beverage an industry rank of 217 out of 265 based on the ratings given to related companies.
A number of equities analysts recently issued reports on the company. Susquehanna Bancshares set a $160.00 target price on National Beverage and gave the stock a “buy” rating in a research note on Sunday, December 10th. BidaskClub upgraded National Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Credit Suisse Group reiterated a “sell” rating on shares of National Beverage in a research note on Friday, December 8th. Maxim Group reiterated a “sell” rating and set a $40.00 price objective (up previously from $33.00) on shares of National Beverage in a research note on Friday, September 8th. Finally, UBS upgraded National Beverage from a “neutral” rating to a “positive” rating in a research report on Monday, November 20th.
A number of hedge funds have recently made changes to their positions in FIZZ. American Century Companies Inc. grew its stake in shares of National Beverage by 1.0% in the second quarter. American Century Companies Inc. now owns 20,384 shares of the company’s stock valued at $1,907,000 after buying an additional 194 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its position in National Beverage by 10.7% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,325 shares of the company’s stock worth $218,000 after purchasing an additional 225 shares during the period. First Trust Advisors LP boosted its position in National Beverage by 0.8% during the second quarter. First Trust Advisors LP now owns 28,177 shares of the company’s stock worth $2,636,000 after purchasing an additional 236 shares during the period. Schwab Charles Investment Management Inc. boosted its position in National Beverage by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 52,784 shares of the company’s stock worth $4,939,000 after purchasing an additional 377 shares during the period. Finally, American International Group Inc. boosted its position in National Beverage by 8.1% during the third quarter. American International Group Inc. now owns 7,875 shares of the company’s stock worth $977,000 after purchasing an additional 589 shares during the period. Hedge funds and other institutional investors own 21.35% of the company’s stock.
Shares of National Beverage (FIZZ) traded down $2.52 during trading hours on Friday, reaching $103.46. The company had a trading volume of 190,400 shares, compared to its average volume of 320,444. National Beverage has a 52 week low of $45.40 and a 52 week high of $129.82. The company has a market capitalization of $4,938.75, a PE ratio of 39.40 and a beta of 0.53.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $239.11 million. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS.
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National Beverage 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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