Investors Purchase Large Volume of Put Options on National Beverage (NASDAQ:FIZZ)

National Beverage Corp. (NASDAQ:FIZZ) saw some unusual options trading on Monday. Investors bought 6,152 put options on the company. This represents an increase of approximately 2,371% compared to the typical volume of 249 put options.

FIZZ has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of National Beverage from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Friday, June 19th. Cfra downgraded shares of National Beverage to a “sell” rating in a research note on Monday, June 15th. Guggenheim increased their price objective on shares of National Beverage from $34.00 to $38.00 and gave the stock a “sell” rating in a research report on Monday, May 18th. BidaskClub raised shares of National Beverage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Finally, ValuEngine lowered shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. National Beverage has a consensus rating of “Hold” and a consensus target price of $45.40.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of National Beverage by 23.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,335 shares of the company’s stock worth $69,000 after purchasing an additional 252 shares during the last quarter. Verus Capital Partners LLC purchased a new stake in National Beverage in the 4th quarter valued at $86,000. Acadian Asset Management LLC grew its holdings in National Beverage by 11.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,246 shares of the company’s stock valued at $96,000 after buying an additional 235 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in National Beverage in the 1st quarter valued at $187,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of National Beverage by 780.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 4,400 shares of the company’s stock valued at $188,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 32.51% of the company’s stock.

NASDAQ:FIZZ opened at $64.76 on Tuesday. National Beverage has a 52 week low of $35.71 and a 52 week high of $68.86. The firm has a market capitalization of $2.98 billion, a PE ratio of 23.30 and a beta of 1.13. The stock has a 50 day moving average of $58.89 and a 200-day moving average of $49.55.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Wednesday, July 1st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.17. National Beverage had a return on equity of 31.71% and a net margin of 12.99%. The firm had revenue of $262.40 million during the quarter, compared to the consensus estimate of $246.27 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that National Beverage will post 2.02 EPS for the current fiscal year.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix C├║rate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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