National Beverage (NASDAQ:FIZZ) had its price target decreased by stock analysts at Jefferies Financial Group from $45.00 to $34.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has an “underperform” rating on the stock. Jefferies Financial Group’s price target suggests a potential downside of 25.21% from the stock’s previous close.
A number of other equities research analysts have also recently commented on FIZZ. Maxim Group upgraded shares of National Beverage from a “sell” rating to a “hold” rating and set a $46.15 target price for the company in a research report on Monday, June 3rd. TheStreet cut shares of National Beverage from a “b-” rating to a “c+” rating in a research report on Tuesday, April 2nd. BidaskClub upgraded shares of National Beverage from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. UBS Group upgraded shares of National Beverage from a “sell” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $48.00 in a research report on Tuesday, June 4th. Finally, Guggenheim increased their target price on shares of National Beverage to $45.00 and gave the company a “sell” rating in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $70.16.
NASDAQ:FIZZ traded up $0.31 during trading hours on Wednesday, reaching $45.46. 20,763 shares of the company were exchanged, compared to its average volume of 412,383. The stock has a market capitalization of $2.18 billion, a PE ratio of 14.25, a P/E/G ratio of 8.34 and a beta of 1.41. National Beverage has a twelve month low of $42.49 and a twelve month high of $127.32.
In other news, President Joseph G. Caporella acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $59.95 per share, with a total value of $359,700.00. Following the completion of the acquisition, the president now owns 413,600 shares of the company’s stock, valued at approximately $24,795,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 75.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in FIZZ. Quadrant Capital Group LLC purchased a new stake in shares of National Beverage in the first quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new position in National Beverage during the first quarter worth about $40,000. Royce & Associates LP purchased a new position in National Beverage during the first quarter worth about $42,000. Doyle Wealth Management purchased a new position in National Beverage during the fourth quarter worth about $50,000. Finally, Private Capital Group LLC purchased a new position in National Beverage during the first quarter worth about $59,000. 24.81% of the stock is owned by hedge funds and other institutional investors.
About National Beverage
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 Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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