National Beverage (NASDAQ:FIZZ - Get Free Report) had its price target raised by UBS Group from $42.00 to $45.00 in a report released on Monday,Benzinga reports. The firm presently has a "sell" rating on the stock. UBS Group's price objective points to a potential downside of 4.40% from the company's previous close.
National Beverage Stock Performance
National Beverage stock traded up $0.16 during midday trading on Monday, hitting $47.07. 99,478 shares of the company's stock were exchanged, compared to its average volume of 176,809. National Beverage has a 12 month low of $38.25 and a 12 month high of $53.01. The firm has a 50-day moving average of $44.46 and a two-hundred day moving average of $42.80. The company has a market cap of $4.41 billion, a PE ratio of 23.53 and a beta of 0.81.
National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The company had revenue of $313.63 million for the quarter, compared to analysts' expectations of $303.26 million. During the same period in the prior year, the business earned $0.47 EPS.
Insider Buying and Selling at National Beverage
In other news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the sale, the director directly owned 62,408 shares in the company, valued at approximately $2,708,507.20. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 74.80% of the company's stock.
Institutional Trading of National Beverage
A number of institutional investors have recently modified their holdings of FIZZ. Millennium Management LLC raised its position in shares of National Beverage by 485.3% in the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company's stock valued at $11,450,000 after purchasing an additional 228,553 shares during the last quarter. Norges Bank purchased a new position in shares of National Beverage in the 4th quarter valued at approximately $9,718,000. Edgestream Partners L.P. purchased a new position in shares of National Beverage in the 1st quarter valued at approximately $7,302,000. Marshall Wace LLP raised its position in shares of National Beverage by 1,461.6% in the 4th quarter. Marshall Wace LLP now owns 100,939 shares of the company's stock valued at $4,307,000 after purchasing an additional 94,475 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of National Beverage by 5,268.4% in the 1st quarter. GAMMA Investing LLC now owns 85,572 shares of the company's stock valued at $3,555,000 after purchasing an additional 83,978 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors.
About National Beverage
(
Get Free Report)
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.
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