National Beverage Corp. (NASDAQ:FIZZ) – Equities research analysts at Jefferies Financial Group cut their FY2021 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 anticipates that the company will post earnings per share of $2.28 for the year, down from their prior forecast of $2.93. Jefferies Financial Group has a “Underperform” rating and a $34.00 price objective on the stock.
A number of other research firms have also recently weighed in on FIZZ. Maxim Group upgraded National Beverage from a “sell” rating to a “hold” rating and set a $46.15 price target for the company in a report on Monday, June 3rd. TheStreet downgraded National Beverage from a “b-” rating to a “c+” rating in a research note on Tuesday, April 2nd. BidaskClub raised National Beverage from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 9th. UBS Group raised National Beverage from a “sell” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $48.00 in a report on Tuesday, June 4th. Finally, Guggenheim boosted their price target on National Beverage to $45.00 and gave the company a “sell” rating in a research report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. National Beverage currently has a consensus rating of “Hold” and an average price target of $70.16.
National Beverage stock opened at $45.31 on Friday. National Beverage has a 52 week low of $42.49 and a 52 week high of $127.32. The stock has a market cap of $2.12 billion, a P/E ratio of 14.20, a PEG ratio of 8.81 and a beta of 1.41.
Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of National Beverage by 7.2% during the first quarter. Renaissance Technologies LLC now owns 2,483,500 shares of the company’s stock worth $143,372,000 after buying an additional 166,600 shares during the period. Man Group plc raised its position in National Beverage by 82.5% in the first quarter. Man Group plc now owns 353,855 shares of the company’s stock worth $20,429,000 after acquiring an additional 159,957 shares during the period. Millennium Management LLC bought a new stake in National Beverage in the fourth quarter worth about $8,809,000. GMT Capital Corp purchased a new position in shares of National Beverage in the first quarter worth about $4,820,000. Finally, Dimensional Fund Advisors LP grew its stake in National Beverage by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 449,844 shares of the company’s stock valued at $25,968,000 after acquiring an additional 82,471 shares in the last quarter. 24.81% of the stock is owned by institutional investors.
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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