National Beverage (NASDAQ:FIZZ) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research raised shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. National Beverage presently has a consensus rating of “Hold” and a consensus price target of $106.00.
Shares of FIZZ stock opened at $113.78 on Friday. National Beverage has a 1 year low of $83.78 and a 1 year high of $129.82. The firm has a market cap of $5.18 billion, a PE ratio of 35.67 and a beta of 0.94.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aviance Capital Management LLC purchased a new position in shares of National Beverage during the 2nd quarter valued at $171,000. SG Americas Securities LLC purchased a new position in shares of National Beverage during the 1st quarter valued at $147,000. Engineers Gate Manager LP purchased a new position in shares of National Beverage during the 2nd quarter valued at $208,000. Xact Kapitalforvaltning AB purchased a new position in shares of National Beverage during the 2nd quarter valued at $212,000. Finally, DRW Securities LLC purchased a new position in shares of National Beverage during the 2nd quarter valued at $235,000. Institutional investors own 23.44% of the company’s stock.
About National Beverage
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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