UBS Group Lowers National Beverage (NASDAQ:FIZZ) Price Target to $45.00

National Beverage (NASDAQ:FIZZ) had its target price decreased by research analysts at UBS Group from $46.00 to $45.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price objective indicates a potential upside of 1.40% from the company’s previous close.

National Beverage Price Performance

Shares of NASDAQ FIZZ traded down $0.44 during mid-day trading on Tuesday, reaching $44.38. 7,036 shares of the company’s stock were exchanged, compared to its average volume of 174,693. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 23.48 and a beta of 0.82. The firm has a 50-day moving average price of $47.96 and a two-hundred day moving average price of $47.67. National Beverage has a 52 week low of $42.85 and a 52 week high of $53.58.

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

Insider Transactions at National Beverage

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

Institutional Trading of National Beverage

A number of institutional investors have recently added to or reduced their stakes in FIZZ. Canada Pension Plan Investment Board purchased a new position in National Beverage during the 2nd quarter valued at about $31,000. Quarry LP boosted its position in shares of National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after acquiring an additional 544 shares during the period. Quest Partners LLC purchased a new position in National Beverage during the second quarter valued at approximately $34,000. Headlands Technologies LLC grew its stake in National Beverage by 760.2% during the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in National Beverage by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after acquiring an additional 344 shares during the period. Hedge funds and other 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.