National Beverage (NASDAQ:FIZZ) Rating Lowered to Strong Sell at BidaskClub

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National Beverage (NASDAQ:FIZZ) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday, BidAskClub reports.

Several other equities research analysts also recently issued reports on the company. Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. TheStreet downgraded SYNNEX from a “b” rating to a “c+” rating in a report on Tuesday, April 2nd. UBS Group cut their price objective on Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a report on Tuesday, June 4th. Cfra downgraded National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Tuesday, June 11th. Finally, Maxim Group reiterated a “hold” rating on shares of National Beverage in a report on Thursday, June 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. National Beverage currently has a consensus rating of “Hold” and a consensus target price of $57.88.

NASDAQ:FIZZ opened at $42.16 on Friday. National Beverage has a 52 week low of $40.05 and a 52 week high of $127.32. The stock has a market capitalization of $1.97 billion, a P/E ratio of 14.01, a P/E/G ratio of 8.32 and a beta of 1.31. The company has a fifty day simple moving average of $45.64.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.10). The firm had revenue of $239.91 million during the quarter, compared to analysts’ expectations of $232.10 million. National Beverage had a net margin of 13.89% and a return on equity of 39.35%. As a group, research analysts anticipate that National Beverage will post 2.54 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC purchased a new stake in National Beverage during the 1st quarter worth about $25,000. Royce & Associates LP purchased a new stake in National Beverage during the 1st quarter worth about $42,000. Private Capital Group LLC purchased a new stake in National Beverage during the 1st quarter worth about $59,000. Lindbrook Capital LLC increased its holdings in National Beverage by 15.4% during the 1st quarter. Lindbrook Capital LLC now owns 1,500 shares of the company’s stock worth $86,000 after purchasing an additional 200 shares during the period. Finally, Eukles Asset Management purchased a new stake in National Beverage during the 1st quarter worth about $196,000. Hedge funds and other institutional investors own 24.79% of the company’s stock.

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 C├║rate, 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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