Shares of New Age Beverages Corp (NASDAQ:NBEV) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $7.83 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned New Age Beverages an industry rank of 190 out of 265 based on the ratings given to related companies.

Several analysts have issued reports on the company. Zacks Investment Research upgraded New Age Beverages from a “sell” rating to a “hold” rating in a research note on Saturday. Maxim Group lowered their target price on New Age Beverages from $7.50 to $6.00 and set a “buy” rating for the company in a report on Friday, November 17th. Finally, TheStreet lowered New Age Beverages from a “c” rating to a “d+” rating in a report on Monday, August 7th.

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in New Age Beverages by 18.1% in the 2nd quarter. HighTower Advisors LLC now owns 22,346 shares of the company’s stock worth $114,000 after buying an additional 3,428 shares in the last quarter. Northern Trust Corp bought a new position in New Age Beverages in the 2nd quarter worth approximately $151,000. Virtu KCG Holdings LLC grew its holdings in New Age Beverages by 119.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 33,353 shares of the company’s stock worth $170,000 after buying an additional 18,189 shares in the last quarter. Blair William & Co. IL bought a new position in New Age Beverages in the 2nd quarter worth approximately $577,000. Finally, Cadence Capital Management LLC bought a new position in New Age Beverages in the 3rd quarter worth approximately $981,000. 12.88% of the stock is owned by institutional investors.

Shares of New Age Beverages (NASDAQ:NBEV) traded up $0.05 during midday trading on Tuesday, reaching $2.20. The company’s stock had a trading volume of 196,000 shares, compared to its average volume of 271,713. New Age Beverages has a 12-month low of $1.80 and a 12-month high of $7.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 2.21.

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New Age Beverages Company Profile

The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.

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