National Beverage Corp. (NASDAQ:FIZZ) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 4,619 put options on the stock. This is an increase of 1,216% compared to the average volume of 351 put options.
Several research firms have recently weighed in on FIZZ. Cfra downgraded National Beverage from a “buy” rating to a “hold” rating in a research note on Tuesday. Maxim Group raised National Beverage from a “sell” rating to a “hold” rating and set a $46.15 price target on the stock in a report on Monday, June 3rd. Guggenheim cut National Beverage from a “neutral” rating to a “sell” rating and lowered their price target for the company from $72.00 to $45.00 in a report on Friday, March 8th. BidaskClub raised National Beverage from a “strong sell” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Jefferies Financial Group began coverage on National Beverage in a report on Tuesday, May 14th. They set an “underperform” rating and a $45.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. National Beverage has an average rating of “Hold” and an average price target of $75.36.
In other National Beverage news, President Joseph G. Caporella purchased 6,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $59.95 per share, with a total value of $359,700.00. Following the completion of the purchase, the president now owns 413,600 shares in the company, valued at $24,795,320. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 75.20% of the stock is currently owned by insiders.
NASDAQ:FIZZ opened at $45.15 on Wednesday. National Beverage has a 52-week low of $42.49 and a 52-week high of $127.32. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 8.34 and a beta of 1.41.
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About National Beverage
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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