BidaskClub Upgrades National Beverage (FIZZ) to Buy

BidaskClub upgraded shares of National Beverage (NASDAQ:FIZZ) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Other research analysts also recently issued research reports about the company. Susquehanna Bancshares set a $150.00 target price on National Beverage and gave the company a buy rating in a report on Monday, December 4th. Maxim Group increased their target price on National Beverage from $40.00 to $45.00 and gave the stock a sell rating in a research report on Friday, March 9th. Finally, Credit Suisse Group reiterated a sell rating on shares of National Beverage in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $91.67.

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FIZZ stock traded down $0.29 during trading on Tuesday, reaching $88.46. The stock had a trading volume of 156,286 shares, compared to its average volume of 303,763. National Beverage has a 52 week low of $81.65 and a 52 week high of $129.82. The company has a market cap of $4,126.27, a price-to-earnings ratio of 29.03 and a beta of 0.93.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, March 8th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.21. National Beverage had a return on equity of 56.83% and a net margin of 15.10%. The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $232.06 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. National Beverage’s revenue was up 16.9% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of National Beverage by 10.1% during the 4th quarter. Jane Street Group LLC now owns 5,619 shares of the company’s stock valued at $548,000 after acquiring an additional 517 shares during the period. American International Group Inc. lifted its holdings in shares of National Beverage by 8.1% during the 3rd quarter. American International Group Inc. now owns 7,875 shares of the company’s stock worth $977,000 after acquiring an additional 589 shares during the period. Renaissance Group LLC lifted its holdings in shares of National Beverage by 17.8% during the 4th quarter. Renaissance Group LLC now owns 4,033 shares of the company’s stock worth $393,000 after acquiring an additional 610 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of National Beverage by 23.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,944 shares of the company’s stock worth $384,000 after acquiring an additional 743 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of National Beverage by 13.2% during the 4th quarter. Aperio Group LLC now owns 6,446 shares of the company’s stock worth $628,000 after acquiring an additional 753 shares during the period. Hedge funds and other institutional investors own 23.66% of the company’s stock.

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About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix C├║rate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.

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