Shares of National Beverage Corp. (NASDAQ:FIZZ – Get Free Report) rose 4.3% on Friday . The company traded as high as $36.29 and last traded at $36.24. Approximately 68,442 shares changed hands during trading, a decline of 74% from the average daily volume of 262,343 shares. The stock had previously closed at $34.73.
Analyst Ratings Changes
FIZZ has been the topic of a number of research reports. UBS Group upped their price target on National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a research note on Friday, March 27th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, National Beverage presently has a consensus rating of “Sell” and a consensus price target of $35.00.
View Our Latest Research Report on FIZZ
National Beverage Stock Up 5.4%
National Beverage (NASDAQ:FIZZ – Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $264.59 million during the quarter, compared to the consensus estimate of $271.06 million. National Beverage had a net margin of 15.71% and a return on equity of 36.00%.
Institutional Investors Weigh In On National Beverage
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. bought a new stake in shares of National Beverage during the first quarter worth about $1,059,000. Empowered Funds LLC bought a new stake in shares of National Beverage during the first quarter worth about $261,000. Quantinno Capital Management LP increased its position in shares of National Beverage by 58.5% during the first quarter. Quantinno Capital Management LP now owns 27,458 shares of the company’s stock worth $924,000 after acquiring an additional 10,136 shares in the last quarter. Gabelli Funds LLC increased its position in shares of National Beverage by 5.1% during the first quarter. Gabelli Funds LLC now owns 41,500 shares of the company’s stock worth $1,396,000 after acquiring an additional 2,000 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of National Beverage by 19.9% during the first quarter. First Trust Advisors LP now owns 24,461 shares of the company’s stock worth $823,000 after acquiring an additional 4,062 shares in the last quarter. 23.95% of the stock is owned by institutional investors.
About National Beverage
National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.
Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.
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