UBS Group Raises National Beverage (NASDAQ:FIZZ) Price Target to $48.00

National Beverage (NASDAQ:FIZZ) had its price target lifted by UBS Group from $47.00 to $48.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a sell rating on the stock.

National Beverage Stock Up 3.0 %

Shares of NASDAQ:FIZZ opened at $52.80 on Friday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 27.94 and a beta of 0.84. National Beverage has a 12-month low of $42.85 and a 12-month high of $55.12. The business’s 50 day moving average is $46.81 and its 200 day moving average is $48.04.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. National Beverage had a return on equity of 36.10% and a net margin of 14.83%. The business had revenue of $297.32 million for the quarter.

National Beverage Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Monday, June 24th will be given a $3.25 dividend. The ex-dividend date is Monday, June 24th. This is a boost from National Beverage’s previous dividend of $3.00.

Insiders Place Their Bets

In other National Beverage news, Director Cecil D. Conlee sold 12,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $47.94, for a total value of $575,280.00. Following the transaction, the director now owns 60,480 shares of the company’s stock, valued at $2,899,411.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 75.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of National Beverage during the 4th quarter valued at $30,000. GAMMA Investing LLC purchased a new position in shares of National Beverage during the 4th quarter valued at $34,000. SG Americas Securities LLC purchased a new position in shares of National Beverage during the 4th quarter valued at $175,000. Mutual of America Capital Management LLC purchased a new position in shares of National Beverage during the 4th quarter valued at $203,000. Finally, ProShare Advisors LLC lifted its position in shares of National Beverage by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock valued at $227,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

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's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.