National Beverage Corp. (FIZZ) Trading Down 2.3%
National Beverage Corp. (NASDAQ:FIZZ)’s share price fell 2.3% during mid-day trading on Wednesday . The stock traded as low as $97.58 and last traded at $99.83. 229,709 shares were traded during mid-day trading, a decline of 25% from the average session volume of 306,866 shares. The stock had previously closed at $97.59.
Several research firms have issued reports on FIZZ. Maxim Group reiterated a “sell” rating and issued a $40.00 target price (up previously from $33.00) on shares of National Beverage Corp. in a research note on Friday, September 8th. Susquehanna Bancshares Inc began coverage on National Beverage Corp. in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $135.00 target price on the stock. Finally, Credit Suisse Group lowered National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price on the stock. in a research note on Friday, July 21st.
The company has a market cap of $4.55 billion, a P/E ratio of 39.24 and a beta of 0.59. The stock’s 50-day moving average is $116.80 and its 200-day moving average is $100.50.
National Beverage Corp. (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, topping 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 company had revenue of $259.83 million for the quarter. Equities research analysts expect that National Beverage Corp. will post $2.92 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of FIZZ. Russell Investments Group Ltd. purchased a new stake in National Beverage Corp. during the 2nd quarter worth about $3,354,000. Acadian Asset Management LLC increased its holdings in National Beverage Corp. by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock worth $20,258,000 after purchasing an additional 63,124 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in National Beverage Corp. during the 2nd quarter worth about $669,000. Strs Ohio purchased a new stake in National Beverage Corp. during the 2nd quarter worth about $832,000. Finally, Emerald Advisers Inc. PA purchased a new stake in National Beverage Corp. during the 2nd quarter worth about $5,763,000. Institutional investors own 21.80% of the company’s stock.
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About National Beverage Corp.
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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