Weiss Ratings Reiterates “Hold (C-)” Rating for National Beverage (NASDAQ:FIZZ)

National Beverage (NASDAQ:FIZZ)‘s stock had its “hold (c-)” rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, UBS Group reduced their price objective on National Beverage from $40.00 to $39.00 and set a “sell” rating for the company in a research note on Monday, September 15th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $39.00.

National Beverage Trading Up 1.9%

Shares of NASDAQ FIZZ opened at $34.27 on Friday. National Beverage has a twelve month low of $32.21 and a twelve month high of $50.51. The stock has a 50 day moving average of $37.94 and a two-hundred day moving average of $42.50. The stock has a market cap of $3.21 billion, a P/E ratio of 17.22 and a beta of 0.63.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 11th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.The company had revenue of $330.52 million during the quarter, compared to analysts’ expectations of $354.18 million.

Institutional Investors Weigh In On National Beverage

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of National Beverage by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company’s stock worth $116,391,000 after purchasing an additional 54,148 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in National Beverage by 1.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,933 shares of the company’s stock worth $107,669,000 after acquiring an additional 26,291 shares during the period. Geode Capital Management LLC grew its holdings 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 period. Millennium Management LLC grew its holdings in National Beverage by 485.3% during the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after acquiring an additional 228,553 shares during the period. Finally, Bank of America Corp DE grew its holdings in National Beverage by 16.1% during the second quarter. Bank of America Corp DE now owns 270,755 shares of the company’s stock worth $11,707,000 after acquiring an additional 37,575 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.