BidaskClub Downgrades National Beverage (FIZZ) to Hold

National Beverage (NASDAQ:FIZZ) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other research analysts also recently issued reports on the stock. Susquehanna Bancshares reiterated a “buy” rating and issued a $173.00 price target on shares of National Beverage in a research note on Thursday, January 25th. Credit Suisse Group reiterated a “sell” rating on shares of National Beverage in a research note 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 investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. National Beverage has an average rating of “Hold” and a consensus target price of $98.33.

National Beverage (FIZZ) opened at $96.92 on Tuesday. National Beverage has a 12 month low of $56.53 and a 12 month high of $129.82. The stock has a market cap of $4,500.00, a P/E ratio of 36.16 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $239.11 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis.

Several large investors have recently modified their holdings of FIZZ. Northern Trust Corp lifted its position in shares of National Beverage by 3.4% during the 2nd quarter. Northern Trust Corp now owns 222,474 shares of the company’s stock worth $20,816,000 after buying an additional 7,345 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of National Beverage 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 buying an additional 184,592 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of National Beverage by 33.3% during the 2nd quarter. California Public Employees Retirement System now owns 8,800 shares of the company’s stock worth $823,000 after buying an additional 2,200 shares during the last quarter. Advisor Group Inc. lifted its position in shares of National Beverage by 155.9% during the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after buying an additional 1,397 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of National Beverage by 22.8% during the 2nd quarter. Voya Investment Management LLC now owns 5,610 shares of the company’s stock worth $525,000 after buying an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 21.16% of the company’s stock.

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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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