National Beverage Corp. (NASDAQ:FIZZ)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $46.19 and last traded at $47.41, with a volume of 388000 shares traded. The stock had previously closed at $47.26.
A number of equities analysts recently commented on FIZZ shares. BidaskClub upgraded shares of National Beverage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of National Beverage in a research note on Tuesday, May 14th. They set an “underperform” rating and a $45.00 target price for the company. Guggenheim downgraded shares of National Beverage from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $72.00 to $45.00 in a research note on Friday, March 8th. TheStreet downgraded shares of National Beverage from a “b-” rating to a “c+” rating in a research note on Tuesday, April 2nd. Finally, Maxim Group reiterated a “sell” rating and set a $45.00 target price on shares of National Beverage in a research note on Friday, March 8th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. National Beverage presently has a consensus rating of “Hold” and an average target price of $75.50.
The company has a market cap of $2.12 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 8.17 and a beta of 1.25.
In related news, President Joseph G. Caporella acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $59.95 per share, for a total transaction of $359,700.00. Following the completion of the purchase, the president now directly owns 413,600 shares of the company’s stock, valued at approximately $24,795,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 75.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC acquired a new position in National Beverage in the first quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in shares of National Beverage in the first quarter valued at about $40,000. Royce & Associates LP purchased a new stake in shares of National Beverage in the first quarter valued at about $42,000. Doyle Wealth Management purchased a new stake in shares of National Beverage in the fourth quarter valued at about $50,000. Finally, Private Capital Group LLC purchased a new stake in shares of National Beverage in the first quarter valued at about $59,000. Institutional investors own 24.82% of the company’s stock.
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National Beverage Company Profile (NASDAQ:FIZZ)
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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