National Beverage (FIZZ) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of National Beverage (NASDAQ:FIZZ) from a hold rating to a buy rating in a research note published on Saturday morning.

FIZZ has been the subject of a number of other reports. Susquehanna Bancshares set a $108.00 price objective on shares of National Beverage and gave the stock a hold rating in a research note on Monday, October 23rd. UBS upgraded shares of National Beverage from a neutral rating to a positive rating in a research report on Monday, November 20th. Finally, Maxim Group restated a sell rating and set a $40.00 target price (up previously from $33.00) on shares of National Beverage in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $90.67.

Shares of National Beverage (NASDAQ:FIZZ) traded down $2.40 on Friday, hitting $106.72. 659,243 shares of the stock were exchanged, compared to its average volume of 378,646. National Beverage has a fifty-two week low of $45.40 and a fifty-two week high of $129.82. The stock has a market cap of $4,970.00, a PE ratio of 42.69 and a beta of 0.55.

National Beverage (NASDAQ:FIZZ) last issued 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. National Beverage had a net margin of 13.38% and a return on equity of 49.70%. The business had revenue of $259.83 million during the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in FIZZ. Wells Fargo & Company MN boosted its position in National Beverage by 2,488.3% during the second quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock worth $43,684,000 after acquiring an additional 448,868 shares during the last quarter. Vanguard Group Inc. boosted its position in National Beverage by 20.3% during the second quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock worth $102,472,000 after acquiring an additional 184,592 shares during the last quarter. FMR LLC boosted its position in National Beverage by 20.0% during the second quarter. FMR LLC now owns 940,821 shares of the company’s stock worth $88,023,000 after acquiring an additional 156,515 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in National Beverage by 806.9% during the second quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock worth $8,849,000 after acquiring an additional 84,150 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in National Beverage by 14.4% during the second quarter. Renaissance Technologies LLC now owns 645,000 shares of the company’s stock worth $60,346,000 after acquiring an additional 81,000 shares during the last quarter. Hedge funds and other institutional investors own 21.40% of the company’s stock.

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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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