National Beverage (FIZZ) Downgraded by BidaskClub to “Hold”
BidaskClub lowered shares of National Beverage (NASDAQ:FIZZ) from a buy rating to a hold rating in a research note released on Friday morning.
A number of other research analysts also recently issued reports on FIZZ. Zacks Investment Research downgraded shares of National Beverage from a hold rating to a sell rating in a research report on Friday, June 29th. Susquehanna Bancshares boosted their price target on shares of National Beverage from $141.00 to $155.00 and gave the stock a positive rating in a research report on Tuesday, August 28th. Imperial Capital boosted their price target on shares of National Beverage from $120.00 to $150.00 and gave the stock an outperform rating in a research report on Friday, September 7th. Finally, Guggenheim initiated coverage on shares of National Beverage in a research report on Thursday, September 13th. They issued a sell rating and a $91.00 price target on the stock. Four research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $108.50.
Shares of NASDAQ FIZZ traded up $1.11 during midday trading on Friday, reaching $99.91. The stock had a trading volume of 287,227 shares, compared to its average volume of 264,317. The company has a market capitalization of $5.44 billion, a P/E ratio of 31.32 and a beta of 0.86. National Beverage has a twelve month low of $83.78 and a twelve month high of $127.32.
Institutional investors have recently added to or reduced their stakes in the stock. Pennsylvania Trust Co lifted its position in shares of National Beverage by 19.5% during the 2nd quarter. Pennsylvania Trust Co now owns 26,745 shares of the company’s stock valued at $2,859,000 after acquiring an additional 4,355 shares during the period. Trexquant Investment LP acquired a new position in shares of National Beverage during the 2nd quarter valued at $2,220,000. Bank of New York Mellon Corp lifted its position in shares of National Beverage by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock valued at $13,760,000 after acquiring an additional 8,612 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of National Beverage during the 2nd quarter valued at $212,000. Finally, Renaissance Technologies LLC lifted its position in shares of National Beverage by 9.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,784,900 shares of the company’s stock valued at $190,806,000 after acquiring an additional 154,000 shares during the period. Institutional investors own 24.18% 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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