National Beverage (NASDAQ:FIZZ – Free Report) 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 – Get Free Report) 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
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.
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