National Beverage (NASDAQ:FIZZ) Stock Price Expected to Rise, UBS Group Analyst Says

National Beverage (NASDAQ:FIZZ - Free Report) had its price target raised by UBS Group from $42.00 to $45.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a sell rating on the stock.

National Beverage Price Performance

National Beverage stock traded down $0.26 during mid-day trading on Monday, reaching $46.65. The company had a trading volume of 287,023 shares, compared to its average volume of 177,529. The stock's 50-day simple moving average is $44.52 and its 200-day simple moving average is $42.78. National Beverage has a 1 year low of $38.25 and a 1 year high of $53.01. The company has a market capitalization of $4.37 billion, a P/E ratio of 23.33 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The business had revenue of $313.63 million during the quarter, compared to analysts' expectations of $303.26 million. During the same period last year, the company posted $0.47 EPS.

Insider Buying and Selling at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the transaction, the director directly owned 62,408 shares of the company's stock, valued at $2,708,507.20. This trade represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 74.80% of the company's stock.

Institutional Trading of National Beverage

Large investors have recently modified their holdings of the business. Covestor Ltd increased its holdings in shares of National Beverage by 14.3% in the 4th quarter. Covestor Ltd now owns 2,994 shares of the company's stock valued at $128,000 after acquiring an additional 375 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of National Beverage by 3.0% in the 1st quarter. Bleakley Financial Group LLC now owns 13,929 shares of the company's stock valued at $579,000 after acquiring an additional 408 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of National Beverage by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after acquiring an additional 415 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of National Beverage by 102.4% in the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock valued at $34,000 after acquiring an additional 420 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of National Beverage by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock valued at $242,000 after acquiring an additional 425 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.