National Beverage Corp. (FIZZ) Given a $108.00 Price Target by Susquehanna Bancshares Inc Analysts
National Beverage Corp. (NASDAQ:FIZZ) has been given a $108.00 target price by research analysts at Susquehanna Bancshares Inc in a report issued on Monday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price objective would suggest a potential upside of 11.99% from the company’s previous close.
Several other brokerages have also weighed in on FIZZ. Maxim Group restated a “sell” rating and issued a $40.00 price objective (up from $33.00) on shares of National Beverage Corp. in a report on Friday, September 8th. Credit Suisse Group lowered shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price objective on the stock. in a report on Friday, July 21st.
National Beverage Corp. (NASDAQ FIZZ) traded up 0.617% on Monday, hitting $97.035. 216,140 shares of the company were exchanged. National Beverage Corp. has a one year low of $44.21 and a one year high of $129.82. The stock has a 50 day moving average price of $114.42 and a 200 day moving average price of $100.80. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 38.954 and a beta of 0.59.
National Beverage Corp. (NASDAQ:FIZZ) last announced its earnings results on Thursday, September 7th. The company reported $0.82 earnings per share (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 company had revenue of $259.83 million for the quarter. On average, equities research analysts forecast that National Beverage Corp. will post $2.92 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of FIZZ. Russell Investments Group Ltd. bought a new stake in National Beverage Corp. in the second quarter valued at approximately $3,354,000. Acadian Asset Management LLC increased its stake in National Beverage Corp. by 41.2% in the second quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock valued at $20,258,000 after purchasing an additional 63,124 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in National Beverage Corp. in the second quarter valued at approximately $669,000. Strs Ohio bought a new stake in National Beverage Corp. in the second quarter valued at approximately $832,000. Finally, Emerald Advisers Inc. PA bought a new stake in National Beverage Corp. in the second quarter valued at approximately $5,763,000. 21.80% of the stock is owned by hedge funds and other 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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