National Beverage (FIZZ) Upgraded by Guggenheim to “Neutral”

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National Beverage (NASDAQ:FIZZ) was upgraded by equities researchers at Guggenheim from a “sell” rating to a “neutral” rating in a report issued on Thursday, Marketbeat reports. The brokerage currently has a $86.00 price objective on the stock. Guggenheim’s price target would suggest a potential upside of 2.77% from the stock’s previous close.

Several other research analysts have also recently commented on FIZZ. Zacks Investment Research upgraded National Beverage from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. BidaskClub upgraded National Beverage from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Susquehanna Bancshares boosted their price target on National Beverage from $141.00 to $155.00 and gave the stock a “positive” rating in a research note on Tuesday, August 28th. Finally, Imperial Capital boosted their price target on National Beverage from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.75.

Shares of NASDAQ FIZZ opened at $83.68 on Thursday. National Beverage has a 1-year low of $81.54 and a 1-year high of $127.32. The stock has a market capitalization of $3.93 billion, a PE ratio of 26.23 and a beta of 1.11.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. National Beverage had a return on equity of 50.08% and a net margin of 16.33%. The business had revenue of $260.71 million for the quarter, compared to analysts’ expectations of $273.40 million. As a group, research analysts expect that National Beverage will post 3.83 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of National Beverage by 8.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,668 shares of the company’s stock worth $713,000 after acquiring an additional 496 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of National Beverage by 10.6% in the third quarter. Janney Montgomery Scott LLC now owns 5,634 shares of the company’s stock worth $657,000 after acquiring an additional 540 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in National Beverage by 8.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 8,379 shares of the company’s stock valued at $896,000 after buying an additional 640 shares in the last quarter. Cim LLC raised its stake in National Beverage by 16.7% during the third quarter. Cim LLC now owns 5,320 shares of the company’s stock valued at $620,000 after buying an additional 762 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in National Beverage by 27.8% during the third quarter. Bbva Compass Bancshares Inc. now owns 4,284 shares of the company’s stock valued at $499,000 after buying an additional 931 shares in the last quarter. Institutional investors and hedge funds own 23.87% of the company’s stock.

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 C├║rate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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