National Beverage (NASDAQ:FIZZ) Price Target Raised to $35.00

National Beverage (NASDAQ:FIZZ) had its target price lifted by UBS Group from $34.00 to $35.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a sell rating on the stock.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a research report on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus price target of $35.00.

National Beverage Stock Performance

FIZZ stock opened at $34.35 on Monday. The company has a 50 day moving average price of $35.07 and a two-hundred day moving average price of $35.20. The stock has a market capitalization of $3.22 billion, a P/E ratio of 17.09 and a beta of 0.75. National Beverage has a one year low of $31.21 and a one year high of $47.89.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $264.59 million for the quarter, compared to analyst estimates of $271.06 million. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.

Hedge Funds Weigh In On National Beverage

A number of hedge funds have recently made changes to their positions in FIZZ. Denali Advisors LLC raised its position in shares of National Beverage by 30.1% in the 3rd quarter. Denali Advisors LLC now owns 182,262 shares of the company’s stock worth $6,729,000 after buying an additional 42,212 shares during the period. SG Americas Securities LLC purchased a new stake in National Beverage during the third quarter valued at about $1,100,000. GSA Capital Partners LLP increased its stake in National Beverage by 215.6% during the third quarter. GSA Capital Partners LLP now owns 77,115 shares of the company’s stock worth $2,847,000 after acquiring an additional 52,681 shares during the last quarter. Geode Capital Management LLC increased its stake in National Beverage by 3.2% during the second quarter. Geode Capital Management LLC now owns 779,290 shares of the company’s stock worth $33,700,000 after acquiring an additional 23,987 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of National Beverage by 86.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,958 shares of the company’s stock worth $431,000 after purchasing an additional 4,631 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.