National Beverage (NASDAQ:FIZZ) Given New $39.00 Price Target at UBS Group

National Beverage (NASDAQ:FIZZ) had its target price cut by UBS Group from $40.00 to $39.00 in a research note released on Monday morning,Benzinga reports. They currently have a sell rating on the stock.

National Beverage Price Performance

Shares of NASDAQ:FIZZ opened at $38.62 on Monday. The firm has a market capitalization of $3.62 billion, a PE ratio of 19.41 and a beta of 0.72. The firm’s 50-day moving average is $44.33 and its two-hundred day moving average is $43.68. National Beverage has a 1 year low of $38.19 and a 1 year high of $50.51.

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

Institutional Trading of National Beverage

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Schroder Investment Management Group grew its stake in National Beverage by 2.8% in the second quarter. Schroder Investment Management Group now owns 14,535 shares of the company’s stock valued at $628,000 after purchasing an additional 393 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of National Beverage by 3.0% during the 1st quarter. Bleakley Financial Group LLC now owns 13,929 shares of the company’s stock worth $579,000 after acquiring an additional 408 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of National Beverage by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,009 shares of the company’s stock worth $260,000 after acquiring an additional 408 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 420 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of National Beverage by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company’s stock worth $242,000 after purchasing an additional 425 shares during the last quarter. 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.