UBS Group Increases National Beverage (NASDAQ:FIZZ) Price Target to $45.00

National Beverage (NASDAQ:FIZZ - Free Report) had its target price upped by UBS Group from $42.00 to $45.00 in a research note published on Monday,Benzinga reports. They currently have a sell rating on the stock.

National Beverage Stock Up 0.2%

Shares of NASDAQ FIZZ traded up $0.10 during trading hours on Monday, hitting $44.98. 158,855 shares of the stock were exchanged, compared to its average volume of 177,105. The company has a market cap of $4.21 billion, a PE ratio of 22.49 and a beta of 0.81. The firm has a fifty day moving average price of $44.60 and a 200-day moving average price of $42.82. National Beverage has a 12 month low of $38.25 and a 12 month high of $53.01.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $303.26 million. During the same quarter in the prior year, the business posted $0.47 EPS.

Insider Transactions at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total transaction of $347,200.00. Following the transaction, the director owned 62,408 shares in the company, valued at approximately $2,708,507.20. This represents a 11.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 74.80% of the company's stock.

Institutional Trading of National Beverage

Large investors have recently made changes to their positions in the business. Schroder Investment Management Group purchased a new stake in shares of National Beverage in the 4th quarter valued at $608,000. GAMMA Investing LLC boosted its holdings in shares of National Beverage by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock valued at $86,000 after acquiring an additional 466 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of National Beverage by 55.9% in the 4th quarter. Deutsche Bank AG now owns 23,248 shares of the company's stock valued at $992,000 after acquiring an additional 8,332 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of National Beverage by 151.4% in the 4th quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company's stock valued at $5,677,000 after acquiring an additional 80,126 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of National Beverage by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock valued at $11,592,000 after acquiring an additional 7,075 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

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.