National Beverage (NASDAQ:FIZZ) was downgraded by analysts at Cfra from a “hold” rating to a “sell” rating in a report released on Thursday, FinViz reports. They presently have a $40.00 price objective on the stock, down from their previous price objective of $50.00. Cfra’s price target suggests a potential downside of 14.31% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of National Beverage from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. BidaskClub lowered shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Jefferies Financial Group decreased their price target on shares of National Beverage from $32.00 to $30.00 and set an “underperform” rating on the stock in a research note on Monday, November 11th. Finally, ValuEngine upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.03.
Shares of FIZZ stock traded down $0.41 during trading hours on Thursday, reaching $46.68. 108,927 shares of the company’s stock were exchanged, compared to its average volume of 338,172. The stock’s 50 day moving average is $50.41 and its 200-day moving average is $45.82. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 9.75 and a beta of 1.27. The company has a current ratio of 3.56, a quick ratio of 2.93 and a debt-to-equity ratio of 0.09. National Beverage has a fifty-two week low of $38.28 and a fifty-two week high of $84.88.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $250.12 million. National Beverage had a return on equity of 33.70% and a net margin of 12.10%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. Equities analysts anticipate that National Beverage will post 2.42 EPS for the current year.
Large investors have recently modified their holdings of the company. Morgan Stanley increased its stake in National Beverage by 314.4% in the second quarter. Morgan Stanley now owns 588,296 shares of the company’s stock valued at $26,255,000 after purchasing an additional 446,322 shares during the period. SG Capital Management LLC acquired a new position in National Beverage during the 3rd quarter worth about $16,041,000. Nuveen Asset Management LLC acquired a new position in National Beverage during the 2nd quarter worth about $10,838,000. Man Group plc lifted its position in National Beverage by 50.8% during the 2nd quarter. Man Group plc now owns 533,589 shares of the company’s stock worth $23,814,000 after buying an additional 179,734 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in National Beverage by 20.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,026,698 shares of the company’s stock worth $45,822,000 after buying an additional 177,583 shares in the last quarter. Institutional investors own 35.30% of the company’s stock.
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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