National Beverage (FIZZ) Downgraded by TheStreet to C+

National Beverage (NASDAQ:FIZZ) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday, April 2nd, TheStreetRatingsTable reports.

FIZZ has been the subject of several other research reports. Guggenheim upgraded shares of National Beverage from a “sell” rating to a “neutral” rating and set a $86.00 target price for the company in a research note on Thursday, December 6th. BidaskClub cut shares of National Beverage from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Maxim Group reaffirmed a “sell” rating and set a $45.00 price objective on shares of National Beverage in a research note on Friday, December 7th. Finally, UBS Group started coverage on shares of National Beverage in a research note on Thursday, December 13th. They set a “sell” rating and a $80.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $81.60.

NASDAQ FIZZ traded up $1.53 during trading hours on Tuesday, reaching $57.50. 217,029 shares of the company were exchanged, compared to its average volume of 409,327. National Beverage has a 1 year low of $50.53 and a 1 year high of $127.32. The company has a market capitalization of $2.66 billion, a PE ratio of 18.03 and a beta of 1.30.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.23). National Beverage had a return on equity of 42.23% and a net margin of 14.84%. The company had revenue of $220.89 million for the quarter, compared to analysts’ expectations of $254.80 million. On average, research analysts predict that National Beverage will post 3.83 earnings per share for the current fiscal year.

In related news, President Joseph G. Caporella bought 6,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $59.95 per share, for a total transaction of $359,700.00. Following the completion of the transaction, the president now directly owns 413,600 shares in the company, valued at approximately $24,795,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 75.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in FIZZ. Cim LLC lifted its holdings in shares of National Beverage by 3.5% in the 4th quarter. Cim LLC now owns 5,504 shares of the company’s stock worth $395,000 after acquiring an additional 184 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of National Beverage by 15.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,500 shares of the company’s stock worth $86,000 after acquiring an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of National Beverage by 40.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 840 shares of the company’s stock worth $60,000 after acquiring an additional 240 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of National Beverage by 5.3% in the 4th quarter. Legal & General Group Plc now owns 5,025 shares of the company’s stock worth $360,000 after acquiring an additional 254 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of National Beverage by 4.6% in the 4th quarter. Stifel Financial Corp now owns 7,996 shares of the company’s stock worth $573,000 after acquiring an additional 354 shares during the last quarter. Institutional investors and hedge funds own 24.33% of the company’s stock.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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