Guggenheim assumed coverage on shares of National Beverage (NASDAQ:FIZZ) in a report published on Thursday, The Fly reports. The brokerage issued a sell rating and a $91.00 price target on the stock.

FIZZ has been the subject of a number of other research reports. BidaskClub raised National Beverage from a buy rating to a strong-buy rating in a report on Saturday, June 23rd. Zacks Investment Research raised National Beverage from a sell rating to a hold rating in a report on Tuesday, August 14th. Imperial Capital upped their target price on National Beverage from $120.00 to $150.00 and gave the stock an outperform rating in a report on Friday, September 7th. Finally, Susquehanna Bancshares lowered their target price on National Beverage from $155.00 to $148.00 and set a positive rating for the company in a report on Thursday, September 6th. Four research analysts have rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. National Beverage currently has a consensus rating of Hold and a consensus price target of $108.50.

National Beverage stock opened at $116.92 on Thursday. National Beverage has a 52 week low of $83.78 and a 52 week high of $127.32. The firm has a market cap of $5.79 billion, a PE ratio of 36.30 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, September 6th. The company reported $1.04 EPS for the quarter, hitting analysts’ consensus estimates of $1.04. National Beverage had a return on equity of 51.15% and a net margin of 15.90%. The company had revenue of $292.59 million during the quarter, compared to analysts’ expectations of $288.40 million. research analysts expect that National Beverage will post 3.83 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in National Beverage by 9.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,784,900 shares of the company’s stock worth $190,806,000 after purchasing an additional 154,000 shares in the last quarter. BlackRock Inc. increased its holdings in National Beverage by 1.3% in the 2nd quarter. BlackRock Inc. now owns 793,359 shares of the company’s stock worth $84,810,000 after purchasing an additional 10,237 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in National Beverage by 15.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 784,309 shares of the company’s stock worth $69,820,000 after purchasing an additional 107,126 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of National Beverage by 34.2% in the 1st quarter. Wells Fargo & Company MN now owns 730,178 shares of the company’s stock valued at $65,000,000 after buying an additional 186,083 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of National Beverage by 48.4% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 590,337 shares of the company’s stock valued at $52,551,000 after buying an additional 192,551 shares during the last quarter. 24.21% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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