UBS Group Cuts National Beverage (NASDAQ:FIZZ) Price Target to $39.00

Key Points

• UBS Group has reduced the price target for National Beverage (NASDAQ:FIZZ) from $40.00 to $39.00, maintaining a "sell" rating, indicating a potential downside of 0.46% from its current price.
• National Beverage reported earnings per share of $0.60 for the last quarter, meeting analyst estimates, but revenue fell short at $330.52 million against expectations of $354.18 million.
• Institutional investors are increasingly active in National Beverage, with notable changes such as Millennium Management raising its stake by 485.3% during the first quarter.

National Beverage (NASDAQ:FIZZ - Get Free Report) had its price target lowered by UBS Group from $40.00 to $39.00 in a report issued on Monday,Benzinga reports. The firm presently has a "sell" rating on the stock. UBS Group's price target suggests a potential upside of 2.82% from the company's previous close.

National Beverage Trading Down 1.7%

NASDAQ FIZZ traded down $0.64 during trading hours on Monday, hitting $37.93. The company's stock had a trading volume of 138,223 shares, compared to its average volume of 189,298. National Beverage has a 52 week low of $38.00 and a 52 week high of $50.51. The company has a market capitalization of $3.55 billion, a PE ratio of 19.04 and a beta of 0.72. The company's 50-day simple moving average is $43.93 and its two-hundred day simple moving average is $43.60.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. National Beverage had a net margin of 15.45% and a return on equity of 43.51%. The business had revenue of $330.52 million during the quarter, compared to the consensus estimate of $354.18 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in National Beverage by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company's stock worth $116,391,000 after purchasing an additional 54,148 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of National Beverage by 1.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,933 shares of the company's stock worth $107,669,000 after purchasing an additional 26,291 shares in the last quarter. Geode Capital Management LLC increased its position in shares of National Beverage by 3.2% during the second quarter. Geode Capital Management LLC now owns 779,290 shares of the company's stock worth $33,700,000 after purchasing an additional 23,987 shares in the last quarter. Millennium Management LLC lifted its holdings 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. Finally, Bank of America Corp DE lifted its stake in National Beverage by 16.1% in the second quarter. Bank of America Corp DE now owns 270,755 shares of the company's stock valued at $11,707,000 after buying an additional 37,575 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Company Profile

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.