Zacks: National Beverage Corp. (FIZZ) Given Consensus Rating of “Hold” by Brokerages

Shares of National Beverage Corp. (NASDAQ:FIZZ) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and one has given a strong buy recommendation to the company. National Beverage’s rating score has improved by 25% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus target price of $87.50 for the company, according to Zacks. Zacks has also assigned National Beverage an industry rank of 191 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on FIZZ. Susquehanna Bancshares reissued a “buy” rating and issued a $173.00 price objective on shares of National Beverage in a report on Thursday, January 25th. BidaskClub raised shares of National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. UBS Group raised shares of National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Finally, Credit Suisse Group reissued a “sell” rating on shares of National Beverage in a report on Friday, December 8th.

Several institutional investors and hedge funds have recently bought and sold shares of FIZZ. Vanguard Group Inc. boosted its holdings in shares of National Beverage by 20.3% in the second quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock worth $102,472,000 after buying an additional 184,592 shares during the last quarter. FMR LLC raised its stake in National Beverage by 20.0% during the 2nd quarter. FMR LLC now owns 940,821 shares of the company’s stock worth $88,023,000 after acquiring an additional 156,515 shares during the period. Goldman Sachs Group Inc. raised its stake in National Beverage by 806.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock worth $8,849,000 after acquiring an additional 84,150 shares during the period. Bank of Nova Scotia bought a new stake in National Beverage during the 2nd quarter worth approximately $6,099,000. Finally, Prudential Financial Inc. raised its stake in National Beverage by 69.5% during the 3rd quarter. Prudential Financial Inc. now owns 119,349 shares of the company’s stock worth $14,805,000 after acquiring an additional 48,920 shares during the period. 21.28% of the stock is currently owned by institutional investors.

Shares of National Beverage (FIZZ) opened at $101.28 on Wednesday. The stock has a market cap of $4,882.83, a PE ratio of 37.65 and a beta of 0.72. National Beverage has a 1-year low of $53.64 and a 1-year high of $129.82.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $244.10 million for the quarter, compared to the consensus estimate of $239.11 million. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share.

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About National Beverage

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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