National Beverage (NASDAQ:FIZZ) had its price target reduced by equities research analysts at Jefferies Financial Group from $45.00 to $34.00 in a report released on Wednesday, The Fly reports. The firm presently has an “underperform” rating on the stock. Jefferies Financial Group’s target price points to a potential downside of 25.21% from the company’s current price.
A number of other equities research analysts have also recently weighed in on FIZZ. Guggenheim cut shares of National Beverage from a “neutral” rating to a “sell” rating and dropped their price target for the company from $72.00 to $45.00 in a research report on Friday, March 8th. Maxim Group restated a “sell” rating and set a $45.00 price objective on shares of National Beverage in a research report on Friday, March 8th. BidaskClub downgraded shares of National Beverage from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. TheStreet downgraded shares of National Beverage from a “b-” rating to a “c+” rating in a research report on Tuesday, April 2nd. Finally, UBS Group reduced their price objective on shares of National Beverage to $50.00 and set a “positive” rating for the company in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.16.
Shares of FIZZ traded up $0.31 during trading on Wednesday, reaching $45.46. 20,763 shares of the company traded hands, compared to its average volume of 412,383. National Beverage has a twelve month low of $42.49 and a twelve month high of $127.32. The stock has a market cap of $2.18 billion, a PE ratio of 14.25, a P/E/G ratio of 8.34 and a beta of 1.41.
In other news, President Joseph G. Caporella acquired 6,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $59.95 per share, with a total value of $359,700.00. Following the purchase, the president now owns 413,600 shares of the company’s stock, valued at approximately $24,795,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 75.20% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC purchased a new stake in shares of National Beverage in the 1st quarter worth about $25,000. Golden State Wealth Management LLC purchased a new stake in shares of National Beverage in the 1st quarter worth about $40,000. Royce & Associates LP purchased a new stake in shares of National Beverage in the 1st quarter worth about $42,000. Doyle Wealth Management purchased a new stake in shares of National Beverage in the 4th quarter worth about $50,000. Finally, Private Capital Group LLC purchased a new stake in shares of National Beverage in the 1st quarter worth about $59,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.
National Beverage Company Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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