Shares of National Beverage Corp. (NASDAQ:FIZZ) fell 0.3% on Wednesday . The company traded as low as $110.01 and last traded at $110.84. 712,600 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 323,661 shares. The stock had previously closed at $110.56.

A number of brokerages recently weighed in on FIZZ. Susquehanna Bancshares Inc began coverage on shares of National Beverage Corp. in a research report on Tuesday. They issued a “neutral” rating and a $135.00 price target on the stock. Credit Suisse Group AG downgraded shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price target on the stock. in a research report on Friday, July 21st. Finally, Maxim Group reiterated a “sell” rating and issued a $33.00 price target on shares of National Beverage Corp. in a research report on Thursday, July 13th.

The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 44.31 and a beta of 0.59. The firm’s 50 day moving average price is $117.43 and its 200 day moving average price is $99.00.

National Beverage Corp. (NASDAQ:FIZZ) last announced its earnings results on Thursday, September 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. The business had revenue of $259.83 million for the quarter. Analysts predict that National Beverage Corp. will post $2.91 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in National Beverage Corp. by 20.3% in the second quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock valued at $102,472,000 after acquiring an additional 184,592 shares during the last quarter. FMR LLC boosted its holdings in National Beverage Corp. by 20.0% in the second quarter. FMR LLC now owns 940,821 shares of the company’s stock valued at $88,023,000 after acquiring an additional 156,515 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in National Beverage Corp. by 14.4% in the second quarter. Renaissance Technologies LLC now owns 645,000 shares of the company’s stock valued at $60,346,000 after acquiring an additional 81,000 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in National Beverage Corp. by 2,488.3% in the second quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock valued at $43,684,000 after acquiring an additional 448,868 shares during the last quarter. Finally, State Street Corp boosted its holdings in National Beverage Corp. by 4.6% in the second quarter. State Street Corp now owns 236,052 shares of the company’s stock valued at $22,081,000 after acquiring an additional 10,443 shares during the last quarter. Institutional investors and hedge funds own 21.81% of the company’s stock.

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National Beverage Corp. Company Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

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