National Beverage Corp. (FIZZ) Upgraded to “Buy” at Susquehanna Bancshares Inc

Susquehanna Bancshares Inc upgraded shares of National Beverage Corp. (NASDAQ:FIZZ) from a neutral rating to a buy rating in a research report report published on Monday. Susquehanna Bancshares Inc currently has $150.00 price target on the stock, up from their prior price target of $108.00.

Other analysts also recently issued reports about the company. UBS AG upgraded National Beverage Corp. from a neutral rating to a positive rating in a research note on Monday. Maxim Group reaffirmed a sell rating and issued a $40.00 price target (up previously from $33.00) on shares of National Beverage Corp. in a research report on Friday, September 8th.

Shares of National Beverage Corp. (NASDAQ:FIZZ) traded up $7.48 on Monday, hitting $109.71. The stock had a trading volume of 824,400 shares, compared to its average volume of 317,201. The firm has a market cap of $5,110.00, a P/E ratio of 40.89 and a beta of 0.50. National Beverage Corp. has a 12 month low of $45.40 and a 12 month high of $129.82.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in FIZZ. Russell Investments Group Ltd. bought a new position in National Beverage Corp. in the 2nd quarter valued at about $3,354,000. Acadian Asset Management LLC lifted its position in shares of National Beverage Corp. by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock worth $20,258,000 after buying an additional 63,124 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of National Beverage Corp. during the 2nd quarter worth approximately $669,000. Strs Ohio bought a new position in shares of National Beverage Corp. during the 2nd quarter worth approximately $832,000. Finally, Emerald Advisers Inc. PA bought a new position in shares of National Beverage Corp. during the 2nd quarter worth approximately $5,763,000. 21.28% of the stock is currently owned by institutional investors and hedge funds.

About National Beverage Corp.

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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