National Beverage (NASDAQ:FIZZ) has been assigned a $160.00 target price by analysts at Susquehanna Bancshares in a research report issued to clients and investors on Sunday, December 10th. The firm currently has a “buy” rating on the stock. Susquehanna Bancshares’ price objective suggests a potential upside of 62.97% from the company’s current price.
Several other equities research analysts have also recently commented on FIZZ. BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Maxim Group reissued a “sell” rating and issued a $40.00 target price (up previously from $33.00) on shares of National Beverage in a report on Friday, September 8th. Finally, UBS Group raised National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $94.00.
National Beverage (NASDAQ:FIZZ) traded up $0.74 during midday trading on Friday, hitting $98.18. The stock had a trading volume of 319,604 shares, compared to its average volume of 328,100. National Beverage has a 52-week low of $45.40 and a 52-week high of $129.82. The stock has a market capitalization of $4,540.78, a PE ratio of 36.50 and a beta of 0.55.
National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, December 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. The firm had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. bought a new position in shares of National Beverage in the third quarter worth about $188,000. Essex Financial Services Inc. bought a new stake in National Beverage during the 3rd quarter valued at approximately $214,000. Sawgrass Asset Management LLC bought a new stake in National Beverage during the 3rd quarter valued at approximately $228,000. Stratos Wealth Partners LTD. bought a new stake in National Beverage during the 3rd quarter valued at approximately $229,000. Finally, Quantbot Technologies LP bought a new stake in National Beverage during the 2nd quarter valued at approximately $173,000. 21.35% of the stock is currently owned by hedge funds and other institutional investors.
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National Beverage 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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