Credit Suisse Group Reiterates Sell Rating for National Beverage (FIZZ)

National Beverage (NASDAQ:FIZZ)‘s stock had its “sell” rating reiterated by Credit Suisse Group in a report released on Friday.

FIZZ has been the subject of several other reports. Susquehanna Bancshares set a $150.00 price objective on National Beverage and gave the company a “buy” rating in a report on Monday, December 4th. BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. UBS raised National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Finally, Maxim Group reissued a “sell” rating and issued a $40.00 price objective (up from $33.00) on shares of National Beverage in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $94.00.

Shares of National Beverage (NASDAQ FIZZ) traded down $11.91 during trading on Friday, reaching $100.84. 838,800 shares of the company’s stock traded hands, compared to its average volume of 322,025. The stock has a market capitalization of $4,699.22, a price-to-earnings ratio of 37.49 and a beta of 0.53. National Beverage has a one year low of $45.40 and a one year high of $129.82.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $244.10 million for the quarter, compared to analyst estimates of $239.11 million. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share.

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of National Beverage in the second quarter valued at approximately $3,354,000. FMR LLC boosted its holdings in shares of National Beverage by 20.0% in the second quarter. FMR LLC now owns 940,821 shares of the company’s stock valued at $88,023,000 after acquiring an additional 156,515 shares during the period. Stifel Financial Corp acquired a new stake in shares of National Beverage in the second quarter valued at approximately $300,000. Prudential Financial Inc. lifted its holdings in shares of National Beverage by 69.5% during the third quarter. Prudential Financial Inc. now owns 119,349 shares of the company’s stock worth $14,805,000 after purchasing an additional 48,920 shares during the period. Finally, Chicago Equity Partners LLC lifted its holdings in shares of National Beverage by 110.5% during the second quarter. Chicago Equity Partners LLC now owns 31,570 shares of the company’s stock worth $2,954,000 after purchasing an additional 16,575 shares during the period. 21.40% of the stock is owned by institutional investors and hedge funds.

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National Beverage Company Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

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