Zacks Investment Research upgraded shares of National Beverage (NASDAQ:FIZZ) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks. “

A number of other brokerages have also commented on FIZZ. BidaskClub lowered National Beverage from a strong-buy rating to a buy rating in a research report on Tuesday, July 31st. Susquehanna Bancshares raised their price objective on 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 raised their price objective on National Beverage from $120.00 to $150.00 and gave the stock an outperform rating in a research report on Friday, September 7th. ValuEngine lowered National Beverage from a buy rating to a hold rating in a research report on Thursday, November 1st. Finally, Guggenheim assumed coverage on National Beverage in a research report on Thursday, September 13th. They set a sell rating and a $91.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. National Beverage presently has an average rating of Hold and an average price target of $106.00.

NASDAQ FIZZ traded down $0.95 during trading on Wednesday, reaching $101.42. 121,225 shares of the company’s stock were exchanged, compared to its average volume of 196,143. National Beverage has a fifty-two week low of $83.78 and a fifty-two week high of $127.32. The firm has a market capitalization of $4.76 billion, a PE ratio of 31.79 and a beta of 1.17.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, September 6th. The company reported $1.04 EPS for the quarter, hitting the Zacks’ 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 analyst estimates of $288.40 million. On average, equities research analysts forecast that National Beverage will post 3.83 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake 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 worth $190,806,000 after purchasing an additional 154,000 shares in the last quarter. BlackRock Inc. raised its stake in shares of National Beverage by 1.3% during the 2nd quarter. BlackRock Inc. now owns 793,359 shares of the company’s stock worth $84,810,000 after purchasing an additional 10,237 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of National Beverage during the 2nd quarter worth about $32,123,000. FMR LLC raised its stake in shares of National Beverage by 87.6% during the 3rd quarter. FMR LLC now owns 273,848 shares of the company’s stock worth $31,936,000 after purchasing an additional 127,900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 worth $13,760,000 after purchasing an additional 8,612 shares in the last quarter. 23.62% of the stock is owned by institutional investors.

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

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