National Beverage (NASDAQ:FIZZ) Given New $45.00 Price Target at UBS Group

National Beverage (NASDAQ:FIZZ) had its price objective decreased by UBS Group from $46.00 to $45.00 in a research note released on Tuesday, Benzinga reports. UBS Group currently has a sell rating on the stock.

National Beverage Stock Performance

NASDAQ FIZZ opened at $44.49 on Tuesday. National Beverage has a fifty-two week low of $42.85 and a fifty-two week high of $53.58. The stock has a 50 day simple moving average of $47.34 and a two-hundred day simple moving average of $47.53. The stock has a market cap of $4.16 billion, a P/E ratio of 23.54 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The business had revenue of $329.47 million during the quarter.

Insiders Place Their Bets

In other National Beverage news, Director Stanley Michael Sheridan sold 16,000 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $51.81, for a total value of $828,960.00. Following the completion of the sale, the director now owns 76,508 shares in the company, valued at approximately $3,963,879.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Stanley Michael Sheridan sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $51.81, for a total value of $828,960.00. Following the completion of the transaction, the director now owns 76,508 shares in the company, valued at approximately $3,963,879.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cecil D. Conlee sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $50.11, for a total value of $501,100.00. Following the completion of the transaction, the director now owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The disclosure for this sale can be found here. Company insiders own 75.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIZZ. Quarry LP raised its stake in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after buying an additional 544 shares during the last quarter. Algert Global LLC raised its stake in National Beverage by 9.5% during the second quarter. Algert Global LLC now owns 60,321 shares of the company’s stock valued at $3,091,000 after buying an additional 5,226 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in National Beverage by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company’s stock valued at $842,000 after buying an additional 252 shares during the last quarter. Deerfield Management Company L.P. Series C purchased a new position in National Beverage during the second quarter valued at $344,000. Finally, AQR Capital Management LLC raised its stake in National Beverage by 7.2% during the second quarter. AQR Capital Management LLC now owns 9,066 shares of the company’s stock valued at $465,000 after buying an additional 612 shares during the last quarter. Hedge funds and other institutional investors 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.