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.
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.
ILLEGAL ACTIVITY WARNING: “Credit Suisse Group Reiterates Sell Rating for National Beverage (FIZZ)” was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3088275/credit-suisse-group-reiterates-sell-rating-for-national-beverage-fizz.html.
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.
Receive News & Ratings for National Beverage Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage Corp. and related companies with MarketBeat.com's FREE daily email newsletter.