National Beverage (NASDAQ:FIZZ) Given New $45.00 Price Target at UBS Group

National Beverage (NASDAQ:FIZZ) had its price objective reduced by UBS Group from $46.00 to $45.00 in a research note issued to investors on Tuesday morning, Benzinga reports. UBS Group currently has a sell rating on the stock.

National Beverage Trading Up 0.3 %

National Beverage stock opened at $44.49 on Tuesday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 23.54 and a beta of 0.82. The stock has a fifty day simple moving average of $47.34 and a two-hundred day simple moving average of $47.53. National Beverage has a 12 month low of $42.85 and a 12 month high of $53.58.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $329.47 million during the quarter. National Beverage had a return on equity of 39.91% and a net margin of 15.36%.

Insiders Place Their Bets

In related news, Director Cecil D. Conlee sold 10,000 shares of National Beverage stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the completion of the sale, the director now owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Cecil D. Conlee sold 10,000 shares of National Beverage stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the completion of the sale, the director now owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Michael Sheridan sold 16,000 shares of National Beverage stock in a transaction on Friday, July 5th. The stock was sold at an average price of $51.81, for a total value of $828,960.00. Following the completion of the sale, the director now directly owns 76,508 shares of the company’s stock, valued at approximately $3,963,879.48. The disclosure for this sale can be found here. Corporate insiders own 75.00% of the company’s stock.

Hedge Funds Weigh In On National Beverage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP lifted its position in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after purchasing an additional 544 shares in the last quarter. Algert Global LLC lifted its position in National Beverage by 9.5% during the second quarter. Algert Global LLC now owns 60,321 shares of the company’s stock valued at $3,091,000 after purchasing an additional 5,226 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in National Beverage by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company’s stock valued at $842,000 after purchasing an additional 252 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new position in National Beverage during the second quarter valued at $344,000. Finally, AQR Capital Management LLC lifted its position in National Beverage by 7.2% during the second quarter. AQR Capital Management LLC now owns 9,066 shares of the company’s stock valued at $465,000 after purchasing an additional 612 shares in the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

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.