National Beverage Corp. (NASDAQ:FIZZ) – Investment analysts at Jefferies Financial Group reduced their FY2020 earnings estimates for shares of National Beverage in a research report issued to clients and investors on Tuesday, June 11th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings of $2.58 per share for the year, down from their previous forecast of $2.90. Jefferies Financial Group has a “Underperform” rating and a $34.00 price objective on the stock. Jefferies Financial Group also issued estimates for National Beverage’s FY2022 earnings at $2.16 EPS.
Several other brokerages have also recently commented on FIZZ. Cfra cut shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Tuesday. BidaskClub raised shares of National Beverage from a “strong sell” rating to a “sell” rating in a research report on Tuesday. UBS Group raised shares of National Beverage from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $48.00 in a research report on Tuesday, June 4th. Maxim Group upgraded shares of National Beverage from a “sell” rating to a “hold” rating and set a $46.15 price target on the stock in a research note on Monday, June 3rd. Finally, Guggenheim upped their price target on shares of National Beverage to $45.00 and gave the stock a “sell” rating in a research report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.16.
FIZZ stock opened at $45.46 on Thursday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 14.25, a PEG ratio of 7.78 and a beta of 1.41. National Beverage has a fifty-two week low of $42.49 and a fifty-two week high of $127.32.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in shares of National Beverage by 15.4% in the first quarter. Lindbrook Capital LLC now owns 1,500 shares of the company’s stock worth $86,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of National Beverage by 40.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 840 shares of the company’s stock worth $60,000 after purchasing an additional 240 shares during the last quarter. Legal & General Group Plc lifted its stake in National Beverage by 5.3% in the fourth quarter. Legal & General Group Plc now owns 5,025 shares of the company’s stock worth $360,000 after acquiring an additional 254 shares during the period. Stifel Financial Corp lifted its stake in National Beverage by 4.6% in the fourth quarter. Stifel Financial Corp now owns 7,996 shares of the company’s stock worth $573,000 after acquiring an additional 354 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in National Beverage by 2.8% during the first quarter. Parametric Portfolio Associates LLC now owns 16,154 shares of the company’s stock valued at $933,000 after buying an additional 437 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.
About National Beverage
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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