Susquehanna Bancshares Inc Begins Coverage on National Beverage Corp. (FIZZ)
Susquehanna Bancshares Inc began coverage on shares of National Beverage Corp. (NASDAQ:FIZZ) in a research note issued to investors on Tuesday morning. The firm issued a neutral rating and a $135.00 price objective on the stock.
A number of other research firms have also recently weighed in on FIZZ. Maxim Group reaffirmed a sell rating and set a $40.00 price objective (up previously from $33.00) on shares of National Beverage Corp. in a research report on Friday, September 8th. Credit Suisse Group AG cut shares of National Beverage Corp. from a neutral rating to an underperform rating and set a $82.00 price objective for the company. in a research report on Friday, July 21st.
National Beverage Corp. (FIZZ) traded down 1.84% during mid-day trading on Tuesday, hitting $108.34. 243,031 shares of the stock traded hands. The stock has a 50-day moving average price of $117.43 and a 200-day moving average price of $99.00. The stock has a market cap of $5.05 billion, a P/E ratio of 43.49 and a beta of 0.59. National Beverage Corp. has a 12 month low of $44.21 and a 12 month high of $129.82.
National Beverage Corp. (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. The firm had revenue of $259.83 million during the quarter. National Beverage Corp. had a net margin of 13.38% and a return on equity of 49.70%. On average, equities analysts forecast that National Beverage Corp. will post $2.91 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in National Beverage Corp. during the 2nd quarter worth approximately $3,354,000. Chicago Equity Partners LLC lifted its holdings in National Beverage Corp. by 110.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 31,570 shares of the company’s stock worth $2,954,000 after buying an additional 16,575 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in National Beverage Corp. during the 2nd quarter worth approximately $3,693,000. Emerald Advisers Inc. PA acquired a new stake in National Beverage Corp. during the 2nd quarter worth approximately $5,763,000. Finally, Nationwide Fund Advisors lifted its holdings in National Beverage Corp. by 762.7% during the 2nd quarter. Nationwide Fund Advisors now owns 57,936 shares of the company’s stock worth $5,420,000 after buying an additional 51,220 shares in the last quarter. Institutional investors own 21.81% of the company’s stock.
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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