National Beverage (NASDAQ:FIZZ)‘s stock had its “positive” rating restated by equities researchers at Susquehanna Bancshares in a report released on Tuesday, March 13th, Marketbeat.com reports. They presently have a $148.00 target price on the stock, down from their prior target price of $166.00. Susquehanna Bancshares’ target price suggests a potential upside of 67.29% from the stock’s previous close.
Other analysts have also issued research reports about the company. BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Credit Suisse Group reaffirmed a “sell” rating on shares of National Beverage in a report on Friday, December 8th. Maxim Group raised their target price on National Beverage from $40.00 to $45.00 and gave the company a “sell” rating in a report on Friday, March 9th. Finally, UBS raised National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. National Beverage presently has a consensus rating of “Hold” and a consensus price target of $91.67.
National Beverage stock opened at $88.47 on Tuesday. National Beverage has a one year low of $78.02 and a one year high of $129.82. The firm has a market capitalization of $4,139.78, a P/E ratio of 29.12 and a beta of 0.84.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.21. The business had revenue of $227.50 million for the quarter, compared to the consensus estimate of $232.06 million. National Beverage had a return on equity of 56.83% and a net margin of 15.10%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.
Large investors have recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in shares of National Beverage by 69.5% during the 3rd quarter. Prudential Financial Inc. now owns 119,349 shares of the company’s stock worth $14,805,000 after purchasing an additional 48,920 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of National Beverage by 61.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,201 shares of the company’s stock worth $397,000 after purchasing an additional 1,214 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of National Beverage by 46.8% during the 3rd quarter. California Public Employees Retirement System now owns 12,918 shares of the company’s stock worth $1,602,000 after purchasing an additional 4,118 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of National Beverage during the 4th quarter worth approximately $434,000. Finally, Principal Financial Group Inc. grew its holdings in shares of National Beverage by 23.6% during the 3rd quarter. Principal Financial Group Inc. now owns 10,860 shares of the company’s stock worth $1,347,000 after purchasing an additional 2,072 shares in the last quarter. 23.66% of the stock is currently owned by institutional investors.
WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2018/03/22/national-beverage-fizz-stock-rating-reaffirmed-by-susquehanna-bancshares.html.
About National Beverage
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
Receive News & Ratings for National Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage and related companies with MarketBeat.com's FREE daily email newsletter.