UBS Group Raises National Beverage (NASDAQ:FIZZ) Price Target to $35.00

National Beverage (NASDAQ:FIZZ) had its target price lifted by stock analysts at UBS Group from $34.00 to $35.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s target price would suggest a potential upside of 0.42% from the company’s current price.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a report on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $35.00.

National Beverage Trading Down 2.5%

Shares of NASDAQ FIZZ traded down $0.88 during mid-day trading on Monday, reaching $34.85. 212,550 shares of the company’s stock were exchanged, compared to its average volume of 274,856. National Beverage has a twelve month low of $31.21 and a twelve month high of $47.89. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.34 and a beta of 0.75. The business has a fifty day simple moving average of $34.92 and a 200 day simple moving average of $35.31.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.The business had revenue of $264.59 million during the quarter, compared to analyst estimates of $271.06 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FIZZ. Hantz Financial Services Inc. raised its position in National Beverage by 366.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock valued at $32,000 after buying an additional 675 shares during the last quarter. AlphaQuest LLC acquired a new position in National Beverage during the 3rd quarter worth approximately $33,000. Aster Capital Management DIFC Ltd boosted its position in National Beverage by 156.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock worth $35,000 after acquiring an additional 678 shares during the last quarter. Jessup Wealth Management Inc bought a new position in shares of National Beverage during the 4th quarter worth approximately $38,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of National Beverage by 213.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after purchasing an additional 726 shares during the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

National Beverage Company Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.