National Beverage (NASDAQ:FIZZ)‘s stock had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares in a report released on Tuesday, Marketbeat.com reports. They currently have a $148.00 target price on the stock, down from their prior target price of $166.00. Susquehanna Bancshares’ price objective indicates a potential upside of 58.99% from the stock’s previous close.
FIZZ has been the topic of a number of other reports. BidaskClub downgraded National Beverage from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. UBS Group raised National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Maxim Group boosted their target price on National Beverage from $40.00 to $45.00 and gave the stock a “sell” rating in a report on Friday, March 9th. Finally, Credit Suisse Group reissued a “sell” rating on shares of National Beverage in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $91.67.
Shares of National Beverage (NASDAQ FIZZ) opened at $93.09 on Tuesday. The firm has a market capitalization of $4,260.50, a P/E ratio of 29.97 and a beta of 0.84. National Beverage has a 1-year low of $72.30 and a 1-year high of $129.82.
Several institutional investors and hedge funds have recently made changes to their positions in FIZZ. Renaissance Technologies LLC boosted its holdings in shares of National Beverage by 53.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock worth $136,523,000 after acquiring an additional 489,000 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of National Beverage in the 4th quarter worth approximately $38,760,000. Wells Fargo & Company MN boosted its holdings in shares of National Beverage by 49.1% in the 4th quarter. Wells Fargo & Company MN now owns 544,095 shares of the company’s stock worth $53,018,000 after acquiring an additional 179,276 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of National Beverage by 29.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 467,392 shares of the company’s stock worth $45,543,000 after acquiring an additional 105,282 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of National Beverage by 7.9% in the 4th quarter. BlackRock Inc. now owns 806,392 shares of the company’s stock worth $78,574,000 after acquiring an additional 59,170 shares in the last quarter. 23.66% of the stock is currently owned by institutional investors and hedge funds.
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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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