National Beverage (NASDAQ:FIZZ) Stock Rating Upgraded by Zacks Investment Research

National Beverage (NASDAQ:FIZZ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm presently has a $54.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 17.37% from the company’s previous close.

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. “

Separately, UBS Group downgraded National Beverage from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $44.00 to $46.00 in a research report on Wednesday, February 3rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. National Beverage currently has a consensus rating of “Hold” and an average target price of $40.38.

Shares of National Beverage stock traded down $2.59 during trading on Tuesday, reaching $46.01. The company’s stock had a trading volume of 636,178 shares, compared to its average volume of 1,129,031. National Beverage has a 12-month low of $24.42 and a 12-month high of $98.21. The company has a market capitalization of $4.29 billion, a P/E ratio of 13.38 and a beta of 1.39. The business has a 50 day moving average price of $50.04 and a 200-day moving average price of $49.16.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Wednesday, March 10th. The company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The company had revenue of $245.93 million for the quarter, compared to the consensus estimate of $239.50 million. National Beverage had a return on equity of 33.20% and a net margin of 15.34%. Analysts predict that National Beverage will post 3.59 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIZZ. Vantage Consulting Group Inc acquired a new position in shares of National Beverage in the fourth quarter worth $28,000. Macroview Investment Management LLC acquired a new position in shares of National Beverage in the fourth quarter worth $30,000. Lindbrook Capital LLC raised its holdings in shares of National Beverage by 71.4% in the first quarter. Lindbrook Capital LLC now owns 1,200 shares of the company’s stock worth $59,000 after acquiring an additional 500 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of National Beverage by 100.0% in the first quarter. AdvisorNet Financial Inc now owns 1,944 shares of the company’s stock worth $95,000 after acquiring an additional 972 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its holdings in shares of National Beverage by 16.8% in the first quarter. Convergence Investment Partners LLC now owns 2,197 shares of the company’s stock worth $107,000 after acquiring an additional 316 shares during the last quarter. 32.68% of the stock is owned by institutional investors.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling 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, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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