New Age Beverages (NASDAQ:NBEV)‘s stock had its “buy” rating restated by equities research analysts at Aegis in a research report issued to clients and investors on Monday.

NBEV has been the topic of several other reports. Zacks Investment Research upgraded shares of New Age Beverages from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Wednesday, October 18th. Maxim Group decreased their target price on shares of New Age Beverages from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Finally, TheStreet lowered shares of New Age Beverages from a “c” rating to a “d+” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. New Age Beverages presently has an average rating of “Buy” and a consensus target price of $5.63.

New Age Beverages (NASDAQ:NBEV) opened at $2.17 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. New Age Beverages has a fifty-two week low of $1.80 and a fifty-two week high of $7.20.

Several hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of 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 acquiring an additional 3,428 shares during the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of 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 acquiring an additional 18,189 shares during the last quarter. Northern Trust Corp acquired a new position in shares of New Age Beverages in the 2nd quarter worth approximately $151,000. Timpani Capital Management LLC lifted its holdings in shares of New Age Beverages by 43.7% in the 2nd quarter. Timpani Capital Management LLC now owns 308,471 shares of the company’s stock worth $1,582,000 after acquiring an additional 93,817 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of New Age Beverages in the 2nd quarter worth approximately $577,000. Hedge funds and other institutional investors own 12.88% of the company’s stock.

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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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