National Beverage (FIZZ) Rating Increased to Strong-Buy at BidaskClub

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.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Wednesday, June 27th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). National Beverage had a net margin of 15.35% and a return on equity of 55.03%. sell-side analysts forecast that National Beverage will post 3.86 earnings per share for the current year.

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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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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