National Beverage (NASDAQ:FIZZ) had its price target decreased by analysts at UBS Group from $45.00 to $44.00 in a research note issued on Monday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential downside of 3.40% from the stock’s current price.
FIZZ has been the subject of a number of other reports. Guggenheim increased their target price on National Beverage to $45.00 and gave the stock a “sell” rating in a report on Thursday, May 30th. Zacks Investment Research raised National Beverage from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th. Maxim Group reaffirmed a “hold” rating on shares of National Beverage in a research note on Thursday, June 27th. Cfra cut National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research report on Tuesday, June 11th. Finally, Imperial Capital reiterated an “outperform” rating and set a $65.00 price objective (down from $150.00) on shares of National Beverage in a research note on Monday, July 1st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.31.
NASDAQ FIZZ opened at $45.55 on Monday. The stock has a market cap of $1.90 billion, a P/E ratio of 15.18, a PEG ratio of 8.12 and a beta of 1.29. The company’s 50-day simple moving average is $42.29 and its 200 day simple moving average is $50.27. National Beverage has a twelve month low of $38.28 and a twelve month high of $124.94. The company has a quick ratio of 2.50, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.
A number of institutional investors have recently modified their holdings of FIZZ. Quadrant Capital Group LLC acquired a new stake in shares of National Beverage during the first quarter worth approximately $25,000. Royce & Associates LP bought a new stake in National Beverage during the 1st quarter worth approximately $42,000. Resources Investment Advisors LLC. bought a new stake in National Beverage during the 2nd quarter worth approximately $45,000. Tower Research Capital LLC TRC grew its position in National Beverage by 28,600.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the company’s stock worth $51,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in National Beverage by 357.3% during the 2nd quarter. Advisory Services Network LLC now owns 1,445 shares of the company’s stock valued at $65,000 after purchasing an additional 1,129 shares in the last quarter. 32.97% of the stock is currently owned by hedge funds and other institutional investors.
National Beverage Company Profile
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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