National Beverage Corp. (NASDAQ:FIZZ) saw some unusual options trading activity on Tuesday. Stock investors acquired 4,619 put options on the stock. This is an increase of 1,216% compared to the typical daily volume of 351 put options.
Several brokerages have recently weighed in on FIZZ. Jefferies Financial Group dropped their price objective on shares of National Beverage from $45.00 to $34.00 and set an “underperform” rating on the stock in a research report on Wednesday. Cfra lowered shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Tuesday. BidaskClub raised shares of National Beverage from a “strong sell” rating to a “sell” rating in a research report on Tuesday. UBS Group raised shares of National Beverage from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $48.00 in a research report on Tuesday, June 4th. Finally, Maxim Group raised shares of National Beverage from a “sell” rating to a “hold” rating and set a $46.15 price objective on the stock in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $70.16.
A number of large investors have recently added to or reduced their stakes in FIZZ. Quadrant Capital Group LLC bought a new position in National Beverage during the first quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in National Beverage during the first quarter worth about $40,000. Royce & Associates LP bought a new position in National Beverage during the first quarter worth about $42,000. Doyle Wealth Management bought a new position in National Beverage during the fourth quarter worth about $50,000. Finally, Private Capital Group LLC bought a new position in National Beverage during the first quarter worth about $59,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FIZZ opened at $45.46 on Thursday. National Beverage has a 52 week low of $42.49 and a 52 week high of $127.32. The stock has a market cap of $2.18 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 8.34 and a beta of 1.41.
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About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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