National Beverage (NASDAQ:FIZZ) received a $160.00 target price from equities research analysts at Susquehanna Bancshares in a note issued to investors on Sunday, December 10th. The firm currently has a “buy” rating on the stock. Susquehanna Bancshares’ price objective would suggest a potential upside of 57.51% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. UBS Group raised National Beverage from a “neutral” rating to a “positive” rating in a research note on Monday, November 20th. Maxim Group reissued a “sell” rating and issued a $40.00 target price (up from $33.00) on shares of National Beverage in a research note on Friday, September 8th. Finally, BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $94.00.
Shares of National Beverage (NASDAQ:FIZZ) traded down $1.88 during trading on Friday, hitting $101.58. The company had a trading volume of 223,600 shares, compared to its average volume of 320,052. National Beverage has a twelve month low of $45.40 and a twelve month high of $129.82. The firm has a market capitalization of $4,730.00, a PE ratio of 37.90 and a beta of 0.55.
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in National Beverage during the second quarter worth about $3,354,000. FMR LLC raised its stake in National Beverage by 20.0% in the second quarter. FMR LLC now owns 940,821 shares of the company’s stock valued at $88,023,000 after buying an additional 156,515 shares during the period. Stifel Financial Corp bought a new stake in National Beverage in the second quarter valued at approximately $300,000. Prudential Financial Inc. raised its stake in National Beverage by 69.5% in the third quarter. Prudential Financial Inc. now owns 119,349 shares of the company’s stock valued at $14,805,000 after buying an additional 48,920 shares during the period. Finally, Chicago Equity Partners LLC raised its stake in National Beverage by 110.5% in the second quarter. Chicago Equity Partners LLC now owns 31,570 shares of the company’s stock valued at $2,954,000 after buying an additional 16,575 shares during the period. 21.35% of the stock is owned by institutional investors.
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National Beverage Company Profile
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.
