National Beverage (NASDAQ:FIZZ) Lifted to “Hold” at Maxim Group

Maxim Group upgraded shares of National Beverage (NASDAQ:FIZZ) from a sell rating to a hold rating in a report issued on Monday, June 3rd, Benzinga reports. The brokerage currently has $46.15 price target on the stock.

Several other research firms have also commented on FIZZ. BidaskClub lowered shares of National Beverage from a hold rating to a sell rating in a research note on Friday, February 8th. Guggenheim lowered shares of National Beverage from a neutral rating to a sell rating and cut their target price for the company 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 report on Tuesday, April 2nd. Jefferies Financial Group assumed coverage on shares of National Beverage in a research report on Tuesday, May 14th. They issued an underperform rating and a $45.00 price target for the company. Finally, UBS Group reduced their price target 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $70.02.

FIZZ stock traded up $0.57 on Monday, hitting $44.63. 890,800 shares of the company’s stock traded hands, compared to its average volume of 433,393. National Beverage has a 1-year low of $40.05 and a 1-year high of $127.32. The firm has a market cap of $1.97 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 8.18 and a beta of 1.41. The stock’s fifty day moving average is $48.38.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Wednesday, June 26th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). National Beverage had a net margin of 13.89% and a return on equity of 38.40%. The business had revenue of $239.91 million for the quarter, compared to analyst estimates of $232.10 million. Equities analysts anticipate that National Beverage will post 2.58 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its stake in National Beverage by 15.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,500 shares of the company’s stock valued at $86,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Beverage by 40.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 840 shares of the company’s stock valued at $60,000 after buying an additional 240 shares during the period. Legal & General Group Plc increased its stake in shares of National Beverage by 5.3% during the 4th quarter. Legal & General Group Plc now owns 5,025 shares of the company’s stock worth $360,000 after purchasing an additional 254 shares during the last quarter. Stifel Financial Corp increased its stake in shares of National Beverage by 4.6% during the 4th quarter. Stifel Financial Corp now owns 7,996 shares of the company’s stock worth $573,000 after purchasing an additional 354 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in shares of National Beverage during the 1st quarter worth $25,000. Hedge funds and other institutional investors own 24.79% 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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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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