National Beverage (NASDAQ:FIZZ) had its price objective lowered by Jefferies Financial Group from $45.00 to $34.00 in a report issued on Wednesday morning, The Fly reports. Jefferies Financial Group currently has an underperform rating on the stock. Jefferies Financial Group also issued estimates for National Beverage’s FY2020 earnings at $2.58 EPS, FY2021 earnings at $2.28 EPS and FY2022 earnings at $2.16 EPS.

A number of other equities analysts also recently issued reports on FIZZ. Guggenheim downgraded shares of National Beverage from a neutral rating to a sell rating and cut their price target for the company from $72.00 to $45.00 in a report on Friday, March 8th. Maxim Group reiterated a sell rating and issued a $45.00 price target on shares of National Beverage in a report on Friday, March 8th. BidaskClub downgraded shares of National Beverage from a sell rating to a strong sell rating in a report on Friday, March 22nd. TheStreet downgraded shares of National Beverage from a b- rating to a c+ rating in a report on Tuesday, April 2nd. Finally, UBS Group cut their price target on shares of National Beverage to $50.00 and set a positive rating for the company in a report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $70.16.

Shares of FIZZ opened at $44.59 on Wednesday. The stock has a market capitalization of $2.08 billion, a PE ratio of 13.98, a P/E/G ratio of 8.81 and a beta of 1.41. National Beverage has a 52-week low of $42.49 and a 52-week high of $127.32.

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in National Beverage by 7.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,483,500 shares of the company’s stock valued at $143,372,000 after acquiring an additional 166,600 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in National Beverage by 2.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 857,192 shares of the company’s stock valued at $49,485,000 after acquiring an additional 23,056 shares in the last quarter. BlackRock Inc. increased its holdings in National Beverage by 3.9% during the 1st quarter. BlackRock Inc. now owns 833,057 shares of the company’s stock valued at $48,093,000 after acquiring an additional 31,111 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in National Beverage by 22.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 449,844 shares of the company’s stock valued at $25,968,000 after acquiring an additional 82,471 shares in the last quarter. Finally, Man Group plc increased its holdings in National Beverage by 82.5% during the 1st quarter. Man Group plc now owns 353,855 shares of the company’s stock valued at $20,429,000 after acquiring an additional 159,957 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

National Beverage Company Profile

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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