BidaskClub downgraded shares of National Beverage (NASDAQ:FIZZ) from a buy rating to a hold rating in a research report sent to investors on Wednesday, December 27th.
Several other equities analysts have also recently commented on FIZZ. Susquehanna Bancshares set a $150.00 price target on shares of National Beverage and gave the stock a buy rating in a research report on Monday, December 4th. Maxim Group reissued a sell rating and issued a $40.00 target price (up previously from $33.00) on shares of National Beverage in a report on Friday, September 8th. Credit Suisse Group reissued a sell rating on shares of National Beverage in a report on Friday, December 8th. Finally, UBS Group upgraded shares of National Beverage from a neutral rating to a positive rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. National Beverage presently has an average rating of Hold and an average target price of $94.00.
National Beverage (NASDAQ:FIZZ) opened at $101.29 on Wednesday. The firm has a market capitalization of $4,683.38, a price-to-earnings ratio of 37.65 and a beta of 0.55. National Beverage has a twelve month low of $45.40 and a twelve month high of $129.82.
National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $244.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS.
A number of large investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in National Beverage in the 2nd quarter worth approximately $173,000. BNP Paribas Arbitrage SA boosted its stake in National Beverage by 724.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,725 shares during the period. Sei Investments Co. acquired a new position in National Beverage in the 3rd quarter worth approximately $188,000. Advisor Group Inc. boosted its stake in National Beverage by 155.9% in the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after purchasing an additional 1,397 shares during the period. Finally, Essex Financial Services Inc. acquired a new stake in shares of National Beverage during the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 21.35% of the company’s stock.
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About National Beverage
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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