National Beverage (FIZZ) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of National Beverage (NASDAQ:FIZZ) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks. “

Several other analysts have also recently issued reports on FIZZ. Susquehanna Bancshares increased their target price on National Beverage from $141.00 to $155.00 and gave the stock a positive rating in a research report on Tuesday, August 28th. BidaskClub cut National Beverage from a strong-buy rating to a buy rating in a research report on Tuesday, July 31st. ValuEngine upgraded National Beverage from a hold rating to a buy rating in a research report on Wednesday, October 24th. Guggenheim started coverage on National Beverage in a research report on Thursday, September 13th. They set a sell rating and a $91.00 target price for the company. Finally, Imperial Capital increased their target price on National Beverage from $120.00 to $150.00 and gave the stock an outperform rating in a research report on Friday, September 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $106.00.

Shares of NASDAQ FIZZ traded up $0.16 during trading on Wednesday, hitting $102.35. The company had a trading volume of 6,808 shares, compared to its average volume of 204,767. National Beverage has a 12 month low of $83.78 and a 12 month high of $127.32. The company has a market capitalization of $4.68 billion, a P/E ratio of 32.13 and a beta of 1.17.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, September 6th. The company reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04. National Beverage had a return on equity of 51.15% and a net margin of 15.90%. The firm had revenue of $292.59 million for the quarter, compared to the consensus estimate of $288.40 million. On average, analysts forecast that National Beverage will post 3.83 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIZZ. Xact Kapitalforvaltning AB purchased a new position in National Beverage during the 2nd quarter valued at approximately $212,000. Pennsylvania Trust Co grew its holdings in National Beverage by 19.5% during the 2nd quarter. Pennsylvania Trust Co now owns 26,745 shares of the company’s stock valued at $2,859,000 after buying an additional 4,355 shares in the last quarter. Capital Impact Advisors LLC grew its holdings in National Beverage by 16.1% during the 2nd quarter. Capital Impact Advisors LLC now owns 17,336 shares of the company’s stock valued at $1,833,000 after buying an additional 2,407 shares in the last quarter. Meritage Portfolio Management purchased a new position in National Beverage during the 2nd quarter valued at approximately $6,770,000. Finally, Kaizen Advisory LLC boosted its holdings in shares of National Beverage by 299.3% in the 2nd quarter. Kaizen Advisory LLC now owns 11,088 shares of the company’s stock worth $1,185,000 after purchasing an additional 8,311 shares during the period. Institutional investors and hedge funds own 23.62% 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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