UBS Group Trims National Beverage (NASDAQ:FIZZ) Target Price to $45.00

National Beverage (NASDAQ:FIZZ) had its target price lowered by UBS Group from $46.00 to $45.00 in a research report report published on Tuesday morning, Benzinga reports. UBS Group currently has a sell rating on the stock.

National Beverage Trading Up 0.0 %

Shares of FIZZ stock opened at $44.35 on Tuesday. The firm’s 50 day moving average is $47.50 and its 200 day moving average is $47.58. The stock has a market capitalization of $4.15 billion, a P/E ratio of 23.47 and a beta of 0.82. National Beverage has a 12 month low of $42.85 and a 12 month high of $53.58.

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

Insider Buying and Selling at National Beverage

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FIZZ. Canada Pension Plan Investment Board purchased a new position in National Beverage in the 2nd quarter worth approximately $31,000. Quarry LP lifted its holdings in shares of National Beverage by 584.9% during the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after acquiring an additional 544 shares during the last quarter. Quest Partners LLC purchased a new position in National Beverage in the second quarter worth $34,000. Headlands Technologies LLC increased its stake in National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in National Beverage by 45.0% during the second quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock valued at $57,000 after purchasing an additional 344 shares in 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.