Cfra lowered shares of National Beverage (NASDAQ:FIZZ) from a hold rating to a sell rating in a research report report published on Thursday morning, Briefing.com Automated Import reports. They currently have $40.00 price objective on the stock, down from their previous price objective of $50.00.
A number of other research firms also recently weighed in on FIZZ. Jefferies Financial Group decreased their price target on National Beverage from $32.00 to $30.00 and set an underperform rating on the stock in a research note on Monday, November 11th. BidaskClub downgraded National Beverage from a buy rating to a hold rating in a research note on Tuesday, January 7th. ValuEngine upgraded National Beverage from a hold rating to a buy rating in a research note on Wednesday, January 8th. Finally, Zacks Investment Research downgraded National Beverage from a hold rating to a sell rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $45.03.
Shares of National Beverage stock traded down $0.26 during trading on Thursday, reaching $45.86. The company’s stock had a trading volume of 186,500 shares, compared to its average volume of 326,375. The company has a quick ratio of 2.93, a current ratio of 3.56 and a debt-to-equity ratio of 0.09. National Beverage has a 12-month low of $38.28 and a 12-month high of $84.88. The company has a market capitalization of $2.15 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 9.75 and a beta of 1.27. The business has a 50 day moving average price of $50.27 and a 200-day moving average price of $45.83.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. National Beverage had a return on equity of 33.70% and a net margin of 12.10%. The firm had revenue of $252.00 million for the quarter, compared to the consensus estimate of $250.12 million. During the same period in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts predict that National Beverage will post 2.42 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of FIZZ. Bank of Montreal Can boosted its position in National Beverage by 2,615.5% during the second quarter. Bank of Montreal Can now owns 6,490 shares of the company’s stock worth $290,000 after purchasing an additional 6,251 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in National Beverage by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 98,731 shares of the company’s stock worth $4,407,000 after purchasing an additional 2,807 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in National Beverage by 76.9% during the second quarter. Parametric Portfolio Associates LLC now owns 28,571 shares of the company’s stock worth $1,275,000 after purchasing an additional 12,417 shares in the last quarter. HighTower Advisors LLC purchased a new stake in National Beverage during the second quarter worth $3,411,000. Finally, Tower Research Capital LLC TRC boosted its position in National Beverage by 28,600.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the company’s stock worth $51,000 after purchasing an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 35.30% of the company’s stock.
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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