UBS Group Raises National Beverage (NASDAQ:FIZZ) Price Target to $48.00

National Beverage (NASDAQ:FIZZ) had its price objective increased by investment analysts at UBS Group from $47.00 to $48.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price target suggests a potential downside of 6.32% from the company’s current price.

National Beverage Trading Up 1.0 %

Shares of National Beverage stock opened at $51.24 on Friday. The business’s fifty day simple moving average is $46.64 and its 200 day simple moving average is $48.06. The firm has a market capitalization of $4.80 billion, a P/E ratio of 27.11 and a beta of 0.79. National Beverage has a 12 month low of $42.85 and a 12 month high of $55.12.

Insider Buying and Selling

In other National Beverage news, Director Cecil D. Conlee sold 12,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $47.94, for a total value of $575,280.00. Following the sale, the director now directly owns 60,480 shares in the company, valued at $2,899,411.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 75.00% of the stock is currently owned by corporate insiders.

Institutional Trading of National Beverage

Several hedge funds have recently made changes to their positions in FIZZ. Headlands Technologies LLC bought a new stake in shares of National Beverage in the fourth quarter valued at $30,000. GAMMA Investing LLC bought a new stake in shares of National Beverage in the fourth quarter valued at $34,000. SG Americas Securities LLC bought a new stake in shares of National Beverage in the fourth quarter valued at $175,000. Mutual of America Capital Management LLC bought a new stake in shares of National Beverage during the 4th quarter valued at $203,000. Finally, ProShare Advisors LLC raised its stake in shares of National Beverage by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock valued at $227,000 after purchasing an additional 330 shares during the period. 23.95% of the stock is currently owned by institutional investors.

National Beverage Company Profile

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.