Weiss Ratings Reiterates "Hold (C)" Rating for National Beverage (NASDAQ:FIZZ)

Key Points

• Weiss Ratings has maintained a "Hold (C)" rating for National Beverage (NASDAQ:FIZZ), with a consensus rating of "Reduce" from analysts.
• UBS Group reduced its price target on the stock from $40.00 to $39.00 and assigned a "sell" rating as of September 15th.
• National Beverage's recent quarterly earnings matched analysts' expectations at $0.60 earnings per share, but revenue fell short with $330.52 million reported compared to estimates of $354.18 million.

National Beverage (NASDAQ:FIZZ - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, UBS Group cut their price objective on National Beverage from $40.00 to $39.00 and set a "sell" rating on the stock in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $39.00.

National Beverage Trading Down 0.1%

National Beverage stock opened at $37.20 on Wednesday. National Beverage has a twelve month low of $36.14 and a twelve month high of $50.51. The stock's fifty day simple moving average is $41.39 and its 200-day simple moving average is $43.26. The firm has a market capitalization of $3.48 billion, a P/E ratio of 18.69 and a beta of 0.63.

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

Hedge Funds Weigh In On National Beverage

A number of institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group grew its stake in shares of National Beverage by 2.8% during the second quarter. Schroder Investment Management Group now owns 14,535 shares of the company's stock worth $628,000 after purchasing an additional 393 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in National Beverage by 3.0% in the first 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in National Beverage by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,009 shares of the company's stock valued at $260,000 after acquiring an additional 408 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in National Beverage by 102.4% in the first 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 in the last quarter. Finally, Covestor Ltd boosted its stake in National Beverage by 14.3% in the first quarter. Covestor Ltd now owns 3,421 shares of the company's stock valued at $142,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

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.

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