National Beverage Corp. (FIZZ) Stock Price Up 7.3%

National Beverage Corp. (NASDAQ:FIZZ) shares rose 7.3% during mid-day trading on Monday . The stock traded as high as $113.49 and last traded at $109.71. Approximately 824,411 shares were traded during mid-day trading, an increase of 160% from the average daily volume of 317,201 shares. The stock had previously closed at $102.23.

FIZZ has been the subject of several recent analyst reports. Susquehanna Bancshares Inc set a $108.00 price objective on shares of National Beverage Corp. and gave the company a “hold” rating in a report on Monday, October 23rd. Maxim Group reiterated a “sell” rating and issued a $40.00 price objective (up from $33.00) on shares of National Beverage Corp. in a report on Friday, September 8th. Finally, UBS AG upgraded shares of National Beverage Corp. from a “neutral” rating to a “positive” rating in a report on Monday.

The firm has a market cap of $4,762.40, a price-to-earnings ratio of 40.89 and a beta of 0.49.

National Beverage Corp. (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. The firm had revenue of $259.83 million during the quarter. National Beverage Corp. had a net margin of 13.38% and a return on equity of 49.70%.

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in National Beverage Corp. during the second quarter worth approximately $173,000. BNP Paribas Arbitrage SA boosted its holdings in National Beverage Corp. by 724.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock worth $184,000 after buying an additional 1,725 shares in the last quarter. Sei Investments Co. bought a new stake in National Beverage Corp. during the third quarter worth approximately $188,000. Advisor Group Inc. boosted its holdings in National Beverage Corp. by 155.9% during the second quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after buying an additional 1,397 shares in the last quarter. Finally, Essex Financial Services Inc. bought a new stake in National Beverage Corp. during the third quarter worth approximately $214,000. Hedge funds and other institutional investors own 21.28% of the company’s stock.

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National Beverage Corp. Company Profile

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.

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