BidaskClub downgraded shares of National Beverage (NASDAQ:FIZZ) from a sell rating to a strong sell rating in a research report sent to investors on Friday, BidAskClub reports.

Several other equities analysts have also recently commented on the company. Guggenheim restated a hold rating on shares of Burlington Stores in a research report on Thursday, May 30th. Cfra cut National Beverage from a buy rating to a hold rating and set a $50.00 target price for the company. in a research report on Tuesday, June 11th. UBS Group reduced their target price on Caterpillar from $125.00 to $115.00 and set a sell rating for the company in a research report on Tuesday, June 4th. Jefferies Financial Group reduced their target price on National Beverage from $34.00 to $33.00 and set an underperform rating for the company in a research report on Thursday, June 27th. Finally, TheStreet cut SYNNEX from a b rating to a c+ rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $57.88.

National Beverage stock opened at $41.86 on Friday. National Beverage has a 52 week low of $40.05 and a 52 week high of $127.32. The business’s 50-day simple moving average is $45.12. The stock has a market capitalization of $1.97 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 8.32 and a beta of 1.31.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Wednesday, June 26th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.10). National Beverage had a return on equity of 39.35% and a net margin of 13.89%. The business had revenue of $239.91 million for the quarter, compared to analysts’ expectations of $232.10 million. As a group, equities analysts anticipate that National Beverage will post 2.54 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC purchased a new position in National Beverage during the first quarter valued at approximately $25,000. Royce & Associates LP purchased a new position in National Beverage in the first quarter worth $42,000. Private Capital Group LLC purchased a new position in National Beverage in the first quarter worth $59,000. Lindbrook Capital LLC grew its holdings in National Beverage by 15.4% in the first quarter. Lindbrook Capital LLC now owns 1,500 shares of the company’s stock worth $86,000 after purchasing an additional 200 shares during the last quarter. Finally, Eukles Asset Management purchased a new position in National Beverage in the first quarter worth $196,000. 24.89% 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 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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