Shares of New Age Beverage Corporation (NASDAQ:NBEV) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus target price of $8.33 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned New Age Beverage Corporation an industry rank of 34 out of 265 based on the ratings given to its competitors.

NBEV has been the subject of a number of research reports. TheStreet downgraded shares of New Age Beverage Corporation from a “c” rating to a “d+” rating in a research report on Monday. Maxim Group initiated coverage on shares of New Age Beverage Corporation in a research report on Thursday, May 4th. They set a “buy” rating and a $6.00 target price for the company. Roth Capital initiated coverage on shares of New Age Beverage Corporation in a research report on Thursday, July 27th. They set a “buy” rating and a $7.50 target price for the company. Zacks Investment Research upgraded shares of New Age Beverage Corporation from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Wednesday, August 2nd. Finally, Aegis initiated coverage on shares of New Age Beverage Corporation in a research report on Monday, May 1st. They set a “buy” rating and a $6.25 target price for the company.

Shares of New Age Beverage Corporation (NASDAQ:NBEV) opened at 4.92 on Thursday. The stock has a 50 day moving average price of $4.87 and a 200-day moving average price of $4.66. New Age Beverage Corporation has a 12 month low of $1.28 and a 12 month high of $7.20. The company’s market capitalization is $154.03 million.

In other New Age Beverage Corporation news, insider Julie Anderson sold 300,000 shares of New Age Beverage Corporation stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $5.79, for a total value of $1,737,000.00. Following the completion of the transaction, the insider now owns 1,705,093 shares of the company’s stock, valued at $9,872,488.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 48.59% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in New Age Beverage Corporation stock. Blair William & Co. IL acquired a new position in shares of New Age Beverage Corporation (NASDAQ:NBEV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 112,500 shares of the company’s stock, valued at approximately $577,000. Blair William & Co. IL owned 0.36% of New Age Beverage Corporation as of its most recent SEC filing. 12.05% of the stock is owned by institutional investors and hedge funds.

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New Age Beverage Corporation Company Profile

The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.

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