A number of other research analysts also recently issued reports on FIZZ. TheStreet downgraded National Beverage from a b- rating to a c+ rating in a report on Tuesday, April 2nd. Maxim Group raised National Beverage from a sell rating to a hold rating and set a $46.15 price objective for the company in a research report on Monday, June 3rd. UBS Group raised National Beverage from a sell rating to a neutral rating and dropped their price target for the stock from $50.00 to $48.00 in a report on Tuesday, June 4th. Jefferies Financial Group started coverage on National Beverage in a report on Tuesday, May 14th. They issued an underperform rating and a $45.00 price objective for the company. Finally, Guggenheim lifted their price objective on National Beverage to $45.00 and gave the company a sell rating in a report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. National Beverage has an average rating of Hold and an average target price of $75.36.
NASDAQ:FIZZ opened at $45.15 on Tuesday. National Beverage has a 1-year low of $42.49 and a 1-year high of $127.32. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 8.34 and a beta of 1.41.
Several large investors have recently bought and sold shares of FIZZ. Quadrant Capital Group LLC purchased a new stake in National Beverage during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new stake in National Beverage during the first quarter valued at $40,000. Royce & Associates LP acquired a new stake in shares of National Beverage in the first quarter valued at about $42,000. Doyle Wealth Management acquired a new stake in shares of National Beverage in the fourth quarter valued at about $50,000. Finally, Private Capital Group LLC purchased a new position in shares of National Beverage in the first quarter worth about $59,000. Hedge funds and other institutional investors own 24.81% 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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