National Beverage (NASDAQ:FIZZ)‘s stock had its “hold” rating restated by equities research analysts at Maxim Group in a report issued on Thursday, June 27th, TipRanks reports.
A number of other research firms also recently issued reports on FIZZ. TheStreet downgraded SYNNEX from a “b” rating to a “c+” rating in a research report on Tuesday, April 2nd. Cfra cut National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, June 11th. Guggenheim restated a “hold” rating on shares of Burlington Stores in a research note on Thursday, May 30th. UBS Group reduced their price objective on Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research note on Tuesday, June 4th. Finally, BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.88.
Shares of NASDAQ:FIZZ traded down $0.31 during midday trading on Thursday, reaching $42.06. The company’s stock had a trading volume of 433,582 shares, compared to its average volume of 538,109. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 8.30 and a beta of 1.31. National Beverage has a 1 year low of $40.05 and a 1 year high of $127.32. The company’s 50 day moving average is $44.68.
Large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its stake in shares of National Beverage by 168.3% in the fourth quarter. Prudential Financial Inc. now owns 44,781 shares of the company’s stock worth $3,214,000 after acquiring an additional 28,092 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in National Beverage by 1.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock valued at $49,019,000 after buying an additional 14,979 shares in the last quarter. Eukles Asset Management acquired a new stake in National Beverage during the first quarter valued at approximately $196,000. Deutsche Bank AG raised its stake in National Beverage by 14.3% during the fourth quarter. Deutsche Bank AG now owns 214,719 shares of the company’s stock valued at $15,409,000 after buying an additional 26,820 shares in the last quarter. Finally, GMT Capital Corp acquired a new stake in National Beverage during the first quarter valued at approximately $4,820,000. Institutional investors and hedge funds own 24.89% 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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