National Beverage (NASDAQ:FIZZ) Shares Gap Up to $46.33

Shares of National Beverage Corp. (NASDAQ:FIZZ – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $46.33, but opened at $48.63. National Beverage shares last traded at $50.22, with a volume of 15,288 shares trading hands.

Analysts Set New Price Targets

FIZZ has been the subject of several analyst reports. StockNews.com cut National Beverage from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Jefferies Financial Group downgraded National Beverage from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $42.00 to $38.00 in a research note on Wednesday, January 4th.

National Beverage Price Performance

The stock has a market capitalization of $4.42 billion, a P/E ratio of 32.45 and a beta of 1.01. The company has a fifty day moving average of $45.16 and a two-hundred day moving average of $46.37.

National Beverage (NASDAQ:FIZZ – Get Rating) last issued its quarterly earnings data on Thursday, December 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. The business had revenue of $299.63 million during the quarter, compared to the consensus estimate of $291.70 million. National Beverage had a return on equity of 54.53% and a net margin of 11.79%. As a group, equities research analysts predict that National Beverage Corp. will post 1.34 EPS for the current fiscal year.

Institutional Trading of National Beverage

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of National Beverage by 1.3% during the second quarter. Renaissance Technologies LLC now owns 4,147,644 shares of the company’s stock worth $202,986,000 after purchasing an additional 54,100 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of National Beverage by 0.5% during the 3rd quarter. BlackRock Inc. now owns 3,629,716 shares of the company’s stock worth $139,891,000 after buying an additional 18,278 shares during the period. Vanguard Group Inc. boosted its holdings in National Beverage by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,734,805 shares of the company’s stock valued at $105,399,000 after purchasing an additional 19,104 shares during the period. Dimensional Fund Advisors LP raised its position in shares of National Beverage by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,014,495 shares of the company’s stock valued at $39,100,000 after buying an additional 10,290 shares in the last quarter. Finally, State Street Corp raised its position in shares of National Beverage by 1.0% in the 3rd quarter. State Street Corp now owns 849,383 shares of the company’s stock valued at $32,735,000 after buying an additional 8,618 shares in the last quarter. Institutional investors and hedge funds own 23.40% of the company’s stock.

National Beverage Company Profile

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National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix Cúrate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta.