National Beverage (NASDAQ:FIZZ) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of National Beverage (NASDAQ:FIZZ) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

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.

In other National Beverage news, President Joseph G. Caporella bought 6,000 shares of National Beverage stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $59.95 per share, with a total value of $359,700.00. Following the completion of the acquisition, the president now directly owns 413,600 shares in the company, valued at approximately $24,795,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 75.20% of the company’s stock.

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.

Further Reading: Is the Dow Jones Industrial Average (DJIA) still relevant?

Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

Receive News & Ratings for National Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage and related companies with MarketBeat.com's FREE daily email newsletter.