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

National Beverage (NASDAQ:FIZZ) had its price objective reduced by equities researchers at UBS Group from $46.00 to $45.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s price target points to a potential upside of 1.49% from the company’s current price.

National Beverage Trading Down 0.6 %

NASDAQ:FIZZ opened at $44.34 on Tuesday. The company has a market capitalization of $4.15 billion, a P/E ratio of 23.46 and a beta of 0.82. The firm has a 50-day moving average price of $47.65 and a two-hundred day moving average price of $47.60. National Beverage has a twelve month low of $42.85 and a twelve month high of $53.58.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, topping 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 business had revenue of $329.47 million during the quarter.

Insider Activity

In related news, Director Cecil D. Conlee sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were 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 owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Stanley Michael Sheridan sold 16,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was 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 in the company, valued at $3,963,879.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cecil D. Conlee sold 10,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were 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 owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The disclosure for this sale can be found here. Company insiders own 75.00% of the company’s stock.

Institutional Trading of National Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in shares of National Beverage in the second quarter worth approximately $31,000. Quarry LP raised its stake in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after purchasing an additional 544 shares during the period. Quest Partners LLC acquired a new position in shares of National Beverage in the 2nd quarter valued at $34,000. Headlands Technologies LLC grew its stake in shares of National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after buying an additional 745 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

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.