National Beverage’s (FIZZ) “Hold” Rating Reaffirmed at Maxim Group

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.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.10). National Beverage had a net margin of 13.89% and a return on equity of 39.35%. The firm had revenue of $239.91 million for the quarter, compared to analysts’ expectations of $232.10 million. Analysts expect that National Beverage will post 2.54 earnings per share for the current fiscal year.

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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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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