Equities researchers at Imperial Capital began coverage on shares of National Beverage (NASDAQ:FIZZ) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $125.00 price target on the stock. Imperial Capital’s price objective points to a potential upside of 39.68% from the company’s previous close.
A number of other research firms have also recently weighed in on FIZZ. Susquehanna Bancshares reaffirmed a “buy” rating and set a $173.00 price target on shares of National Beverage in a report on Thursday, January 25th. BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Finally, Maxim Group raised their price target on National Beverage from $40.00 to $45.00 and gave the company a “sell” rating in a report on Friday, March 9th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $100.00.
FIZZ stock opened at $89.49 on Monday. National Beverage has a fifty-two week low of $81.65 and a fifty-two week high of $129.82. The firm has a market cap of $4,171.01, a P/E ratio of 29.34 and a beta of 0.93.
National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.21. National Beverage had a return on equity of 56.83% and a net margin of 15.10%. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $232.06 million. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 16.9% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of National Beverage by 61.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,201 shares of the company’s stock valued at $397,000 after buying an additional 1,214 shares during the period. California Public Employees Retirement System increased its stake in shares of National Beverage by 46.8% in the 3rd quarter. California Public Employees Retirement System now owns 12,918 shares of the company’s stock valued at $1,602,000 after buying an additional 4,118 shares during the period. HRT Financial LLC acquired a new stake in shares of National Beverage in the 4th quarter valued at $434,000. Renaissance Technologies LLC increased its stake in shares of National Beverage by 53.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock valued at $136,523,000 after buying an additional 489,000 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of National Beverage by 298.3% in the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $358,000 after buying an additional 2,750 shares during the period. 23.59% of the stock is owned by institutional investors.
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National Beverage Company Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.
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