National Beverage Corp. (NASDAQ:FIZZ) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $108.50.
Several analysts recently issued reports on FIZZ shares. BidaskClub upgraded National Beverage from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 23rd. Zacks Investment Research downgraded National Beverage from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Susquehanna Bancshares increased their price target on National Beverage from $141.00 to $155.00 and gave the company a “positive” rating in a report on Tuesday, August 28th. Finally, Imperial Capital increased their price target on National Beverage from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, September 7th.
NASDAQ FIZZ traded up $1.11 during trading hours on Monday, hitting $99.91. The company had a trading volume of 287,227 shares, compared to its average volume of 264,317. National Beverage has a fifty-two week low of $83.78 and a fifty-two week high of $127.32. The company has a market cap of $5.44 billion, a P/E ratio of 31.32 and a beta of 0.86.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, September 6th. The company reported $1.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.04. National Beverage had a return on equity of 51.15% and a net margin of 15.90%. The firm had revenue of $292.59 million during the quarter, compared to the consensus estimate of $288.40 million. As a group, equities analysts predict that National Beverage will post 3.83 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in FIZZ. SG Americas Securities LLC acquired a new stake in shares of National Beverage during the first quarter valued at about $147,000. Aviance Capital Management LLC acquired a new stake in shares of National Beverage during the second quarter valued at about $171,000. Engineers Gate Manager LP acquired a new stake in shares of National Beverage during the second quarter valued at about $208,000. Xact Kapitalforvaltning AB acquired a new stake in shares of National Beverage during the second quarter valued at about $212,000. Finally, DRW Securities LLC acquired a new stake in shares of National Beverage during the second quarter valued at about $235,000. Institutional investors own 24.18% of the company’s stock.
National Beverage Company Profile
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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