National Beverage Corp. (FIZZ) Stock Rating Reaffirmed by Maxim Group
National Beverage Corp. (NASDAQ:FIZZ)‘s stock had its “sell” rating reiterated by analysts at Maxim Group in a note issued to investors on Friday, Marketbeat reports. They presently have a $40.00 price target on the stock, up from their prior price target of $33.00. Maxim Group’s price target would suggest a potential downside of 67.36% from the company’s current price.
Separately, Credit Suisse Group cut shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price on the stock. in a research note on Friday, July 21st.
National Beverage Corp. (NASDAQ:FIZZ) opened at 122.54 on Friday. National Beverage Corp. has a one year low of $39.14 and a one year high of $122.96. The firm has a 50-day moving average of $111.09 and a 200-day moving average of $91.68. The company has a market cap of $5.71 billion, a PE ratio of 53.51 and a beta of 0.58.
National Beverage Corp. (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $259.83 million for the quarter. National Beverage Corp. had a net margin of 12.95% and a return on equity of 44.68%. On average, analysts predict that National Beverage Corp. will post $2.71 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia acquired a new position in shares of National Beverage Corp. during the second quarter worth approximately $6,099,000. C M Bidwell & Associates Ltd. lifted its position in shares of National Beverage Corp. by 10.7% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,325 shares of the company’s stock worth $218,000 after purchasing an additional 225 shares in the last quarter. State Street Corp lifted its position in shares of National Beverage Corp. by 4.6% during the second quarter. State Street Corp now owns 236,052 shares of the company’s stock worth $22,081,000 after purchasing an additional 10,443 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of National Beverage Corp. by 806.9% during the second quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock worth $8,849,000 after purchasing an additional 84,150 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of National Beverage Corp. during the second quarter worth approximately $300,000. Hedge funds and other institutional investors own 21.81% of the company’s stock.
About National Beverage Corp.
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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