BidaskClub Lowers National Beverage (FIZZ) to Hold

National Beverage (NASDAQ:FIZZ) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also recently issued reports about the company. Susquehanna Bancshares restated a “buy” rating and set a $173.00 price objective on shares of National Beverage in a research note on Thursday, January 25th. Maxim Group upped their price objective on National Beverage from $40.00 to $45.00 and gave the stock a “sell” rating in a research note on Friday, March 9th. Finally, Imperial Capital assumed coverage on National Beverage in a research note on Monday, April 16th. They set an “outperform” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $100.00.

Shares of NASDAQ FIZZ opened at $87.26 on Tuesday. The firm has a market cap of $4,072.67, a P/E ratio of 28.65 and a beta of 0.93. National Beverage has a 1-year low of $81.65 and a 1-year high of $129.82.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.21. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $232.06 million. National Beverage had a return on equity of 56.83% and a net margin of 15.10%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. analysts anticipate that National Beverage will post 3.3 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in National Beverage by 53.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock valued at $136,523,000 after buying an additional 489,000 shares during the last quarter. BlackRock Inc. raised its stake in National Beverage by 7.9% in the fourth quarter. BlackRock Inc. now owns 806,392 shares of the company’s stock valued at $78,574,000 after buying an additional 59,170 shares during the last quarter. Wells Fargo & Company MN raised its stake in National Beverage by 49.1% in the fourth quarter. Wells Fargo & Company MN now owns 544,095 shares of the company’s stock valued at $53,018,000 after buying an additional 179,276 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in National Beverage by 29.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 467,392 shares of the company’s stock valued at $45,543,000 after buying an additional 105,282 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in National Beverage in the fourth quarter valued at about $38,760,000. Institutional investors own 23.47% of the company’s stock.

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National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.

Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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