Cfra Downgrades National Beverage (NASDAQ:FIZZ) to Hold

Cfra downgraded shares of National Beverage (NASDAQ:FIZZ) from a buy rating to a hold rating in a research note published on Tuesday morning, BenzingaRatingsTable reports. Cfra currently has $50.00 price objective on the stock.

A number of other research firms have also recently issued reports on FIZZ. Maxim Group raised shares of National Beverage from a sell rating to a hold rating and set a $46.15 price target on the stock in a research note on Monday, June 3rd. Guggenheim cut shares of National Beverage from a neutral rating to a sell rating and dropped their price target for the company from $72.00 to $45.00 in a research note on Friday, March 8th. BidaskClub raised shares of National Beverage from a strong sell rating to a sell rating in a research note on Thursday, May 9th. Jefferies Financial Group initiated coverage on shares of National Beverage in a research note on Tuesday, May 14th. They issued an underperform rating and a $45.00 price target on the stock. Finally, UBS Group raised shares of National Beverage from a sell rating to a neutral rating and dropped their price target for the company from $50.00 to $48.00 in a research note on Tuesday, June 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $70.16.

Shares of NASDAQ FIZZ opened at $45.31 on Tuesday. National Beverage has a 12 month low of $42.49 and a 12 month high of $127.32. The company has a market cap of $2.12 billion, a PE ratio of 14.20, a PEG ratio of 8.81 and a beta of 1.41.

A number of institutional investors have recently added to or reduced their stakes in FIZZ. JPMorgan Chase & Co. grew its stake in National Beverage by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,811 shares of the company’s stock valued at $1,377,000 after acquiring an additional 945 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Beverage by 40.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 840 shares of the company’s stock worth $60,000 after purchasing an additional 240 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in National Beverage during the 4th quarter worth $189,000. Rhumbline Advisers boosted its stake in National Beverage by 24.2% during the 4th quarter. Rhumbline Advisers now owns 26,262 shares of the company’s stock worth $1,885,000 after purchasing an additional 5,119 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in National Beverage during the 4th quarter worth $2,258,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Analyst Recommendations for National Beverage (NASDAQ:FIZZ)

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