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.
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 Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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