National Beverage (FIZZ) Rating Lowered to Hold at BidaskClub

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BidaskClub downgraded shares of National Beverage (NASDAQ:FIZZ) from a buy rating to a hold rating in a research note published on Friday morning.

FIZZ has been the subject of several other research reports. Zacks Investment Research lowered shares of National Beverage from a hold rating to a sell rating in a research note on Monday, September 24th. Guggenheim initiated coverage on shares of National Beverage in a research note on Thursday, September 13th. They issued a sell rating and a $91.00 target price for the company. Imperial Capital upped their target price on shares of National Beverage from $120.00 to $150.00 and gave the stock an outperform rating in a research note on Friday, September 7th. Finally, Susquehanna Bancshares reduced their target price on shares of National Beverage from $155.00 to $148.00 and set a positive rating for the company in a research note on Thursday, September 6th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $108.50.

FIZZ traded up $1.11 during trading on Friday, hitting $99.91. 287,227 shares of the company’s stock were exchanged, 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 price-to-earnings ratio of 31.32 and a beta of 0.86.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in National Beverage by 8.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,668 shares of the company’s stock valued at $713,000 after buying an additional 496 shares during the period. Cim LLC grew its position in National Beverage by 13.1% during the second quarter. Cim LLC now owns 4,558 shares of the company’s stock valued at $487,000 after buying an additional 528 shares during the period. State Board of Administration of Florida Retirement System grew its position in National Beverage by 8.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 8,379 shares of the company’s stock valued at $896,000 after buying an additional 640 shares during the period. California Public Employees Retirement System grew its position in National Beverage by 7.2% during the second quarter. California Public Employees Retirement System now owns 16,828 shares of the company’s stock valued at $1,799,000 after buying an additional 1,135 shares during the period. Finally, Brasada Capital Management LP grew its position in National Beverage by 59.2% during the first quarter. Brasada Capital Management LP now owns 3,831 shares of the company’s stock valued at $341,000 after buying an additional 1,424 shares during the period. Hedge funds and other 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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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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