Analysts Set $40.00 Target Price for National Beverage Corp. (FIZZ)
Shares of National Beverage Corp. (NASDAQ:FIZZ) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.
Brokerages have set a 12-month consensus target price of $40.00 for the company, according to Zacks. Zacks has also assigned National Beverage Corp. an industry rank of 151 out of 265 based on the ratings given to its competitors.
Several brokerages recently issued reports on FIZZ. Susquehanna Bancshares Inc began coverage on National Beverage Corp. in a research note on Tuesday. They issued a “neutral” rating and a $135.00 price objective on the stock. Maxim Group restated a “sell” rating and set a $33.00 price objective on shares of National Beverage Corp. in a report on Thursday, July 13th. Finally, Credit Suisse Group lowered National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price for the company. in a research report on Friday, July 21st.
National Beverage Corp. (NASDAQ:FIZZ) traded down 6.15% during mid-day trading on Tuesday, reaching $110.56. 739,333 shares of the company traded hands. National Beverage Corp. has a 12-month low of $44.21 and a 12-month high of $129.82. The company’s 50 day moving average price is $117.62 and its 200 day moving average price is $98.83. The firm has a market capitalization of $5.15 billion, a P/E ratio of 44.38 and a beta of 0.59.
National Beverage Corp. (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 7th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. National Beverage Corp. had a net margin of 13.38% and a return on equity of 49.70%. The business had revenue of $259.83 million for the quarter. Equities research analysts predict that National Beverage Corp. will post $2.91 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in National Beverage Corp. during the 2nd quarter worth about $3,354,000. Acadian Asset Management LLC lifted its position in shares of National Beverage Corp. by 41.2% in the 2nd quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock worth $20,258,000 after purchasing an additional 63,124 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of National Beverage Corp. in the 2nd quarter worth approximately $669,000. Strs Ohio purchased a new stake in shares of National Beverage Corp. in the 2nd quarter worth approximately $832,000. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of National Beverage Corp. in the 2nd quarter worth approximately $5,763,000. 21.81% of the stock is owned by institutional investors.
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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