National Beverage (NASDAQ:FIZZ) Price Target Raised to $35.00 at UBS Group

National Beverage (NASDAQ:FIZZ) had its target price raised by UBS Group from $34.00 to $35.00 in a research note released on Monday,Benzinga reports. They currently have a sell rating on the stock.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $35.00.

National Beverage Stock Down 2.7%

FIZZ opened at $34.76 on Monday. The stock’s fifty day moving average is $34.98 and its two-hundred day moving average is $35.26. The company has a market capitalization of $3.25 billion, a P/E ratio of 17.29 and a beta of 0.75. National Beverage has a 52 week low of $31.21 and a 52 week high of $47.89.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, March 12th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.The business had revenue of $264.59 million during the quarter, compared to analysts’ expectations of $271.06 million.

Institutional Trading of National Beverage

A number of hedge funds have recently bought and sold shares of FIZZ. Royal Bank of Canada boosted its position in National Beverage by 8.1% during the 1st quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock valued at $758,000 after acquiring an additional 1,363 shares in the last quarter. AQR Capital Management LLC raised its position in shares of National Beverage by 33.5% in the 1st quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock worth $826,000 after acquiring an additional 4,990 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of National Beverage by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock worth $580,000 after purchasing an additional 620 shares during the last quarter. Millennium Management LLC lifted its stake in shares of National Beverage by 485.3% during the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in National Beverage by 12,294.9% during the first quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock valued at $2,006,000 after purchasing an additional 48,688 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.