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.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 6th. The company reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. The firm had revenue of $292.59 million for the quarter, compared to the consensus estimate of $288.40 million. National Beverage had a net margin of 15.90% and a return on equity of 51.15%. On average, sell-side analysts expect that National Beverage will post 3.83 earnings per share for the current year.

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 C├║rate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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