National Beverage (FIZZ) Earns Sell Rating from Credit Suisse Group
Other research analysts also recently issued research reports about the company. Susquehanna Bancshares started coverage on National Beverage in a research note on Tuesday, October 3rd. They issued a neutral rating and a $135.00 target price on the stock. BidaskClub upgraded National Beverage from a hold rating to a buy rating in a research note on Saturday, December 2nd. Maxim Group restated a sell rating and issued a $40.00 target price (up previously from $33.00) on shares of National Beverage in a research note on Friday, September 8th. Finally, UBS upgraded National Beverage from a neutral rating to a positive rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. National Beverage has an average rating of Hold and a consensus target price of $94.00.
National Beverage (NASDAQ:FIZZ) traded down $11.91 during trading hours on Friday, reaching $100.84. The company had a trading volume of 838,800 shares, compared to its average volume of 322,025. The firm has a market capitalization of $4,699.22, a price-to-earnings ratio of 37.49 and a beta of 0.53. National Beverage has a 52-week low of $45.40 and a 52-week high of $129.82.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $244.10 million for the quarter, compared to analyst estimates of $239.11 million. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. National Beverage’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of FIZZ. Neuberger Berman Group LLC bought a new stake in shares of National Beverage during the 3rd quarter worth about $245,000. California Public Employees Retirement System boosted its stake in shares of National Beverage by 46.8% during the 3rd quarter. California Public Employees Retirement System now owns 12,918 shares of the company’s stock worth $1,602,000 after acquiring an additional 4,118 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of National Beverage by 61.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,201 shares of the company’s stock worth $397,000 after acquiring an additional 1,214 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of National Beverage during the 3rd quarter worth about $824,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of National Beverage by 35.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 71,695 shares of the company’s stock worth $8,894,000 after acquiring an additional 18,911 shares in the last quarter. Hedge funds and other institutional investors own 21.40% of the company’s stock.
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National Beverage Company Profile
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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