National Beverage Corp. (FIZZ) Rating Increased to Positive at UBS AG
National Beverage Corp. (NASDAQ:FIZZ) was upgraded by equities research analysts at UBS AG from a “neutral” rating to a “positive” rating in a report issued on Monday.
Other research analysts have also recently issued reports about the company. Susquehanna Bancshares Inc set a $108.00 target price on National Beverage Corp. and gave the stock a “hold” rating in a research note on Monday, October 23rd. Maxim Group reissued a “sell” rating and set a $40.00 target price (up from $33.00) on shares of National Beverage Corp. in a research note on Friday, September 8th.
Shares of National Beverage Corp. (FIZZ) opened at $110.49 on Monday. National Beverage Corp. has a one year low of $45.40 and a one year high of $129.82. The firm has a market capitalization of $5,110.86, a price-to-earnings ratio of 43.88 and a beta of 0.49.
National Beverage Corp. (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ 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 during the quarter.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIZZ. Quantbot Technologies LP acquired a new position in National Beverage Corp. during the 2nd quarter worth $173,000. BNP Paribas Arbitrage SA grew its stake in National Beverage Corp. by 724.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,725 shares in the last quarter. Sei Investments Co. acquired a new position in National Beverage Corp. during the 3rd quarter worth $188,000. Advisor Group Inc. grew its stake in National Beverage Corp. by 155.9% during the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Essex Financial Services Inc. acquired a new position in National Beverage Corp. during the 3rd quarter worth $214,000. 21.28% of the stock is owned by hedge funds and other institutional investors.
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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