National Beverage (FIZZ) Given New $45.00 Price Target at Maxim Group
National Beverage (NASDAQ:FIZZ) had its target price hoisted by stock analysts at Maxim Group from $40.00 to $45.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage presently has a “sell” rating on the stock. Maxim Group’s price target would suggest a potential downside of 50.33% from the company’s previous close.
A number of other equities research analysts have also issued reports on FIZZ. UBS Group raised shares of National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Susquehanna Bancshares raised shares of National Beverage from a “neutral” rating to a “buy” rating and upped their target price for the stock from $108.00 to $150.00 in a report on Monday, November 20th. BidaskClub raised shares of National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Credit Suisse Group reissued a “sell” rating on shares of National Beverage in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. National Beverage presently has an average rating of “Hold” and an average target price of $100.00.
Shares of National Beverage (NASDAQ FIZZ) opened at $90.60 on Friday. National Beverage has a 1-year low of $61.55 and a 1-year high of $129.82. The stock has a market cap of $4,601.68, a price-to-earnings ratio of 29.70 and a beta of 0.84.
Several institutional investors and hedge funds have recently made changes to their positions in FIZZ. Renaissance Technologies LLC grew its holdings in shares of National Beverage by 53.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock valued at $136,523,000 after purchasing an additional 489,000 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of National Beverage in the fourth quarter valued at about $38,760,000. Wells Fargo & Company MN grew its holdings in shares of National Beverage by 49.1% in the fourth quarter. Wells Fargo & Company MN now owns 544,095 shares of the company’s stock valued at $53,018,000 after purchasing an additional 179,276 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of National Beverage by 29.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 467,392 shares of the company’s stock valued at $45,543,000 after purchasing an additional 105,282 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of National Beverage by 7.9% in the fourth quarter. BlackRock Inc. now owns 806,392 shares of the company’s stock valued at $78,574,000 after purchasing an additional 59,170 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.
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About National Beverage
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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