National Beverage (NASDAQ:FIZZ) Given New $41.00 Price Target at UBS Group

National Beverage (NASDAQ:FIZZ) had its target price dropped by equities researchers at UBS Group from $46.00 to $41.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price objective would suggest a potential upside of 2.94% from the stock’s current price.

National Beverage Stock Up 0.6 %

NASDAQ:FIZZ opened at $39.83 on Thursday. National Beverage has a 12-month low of $38.25 and a 12-month high of $53.48. The firm has a market capitalization of $3.73 billion, a P/E ratio of 20.02 and a beta of 0.84. The stock’s fifty day simple moving average is $41.87 and its 200-day simple moving average is $44.90.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.49 earnings per share (EPS) for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insiders Place Their Bets

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the transaction, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 74.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC bought a new position in National Beverage during the third quarter worth about $1,126,000. Allspring Global Investments Holdings LLC lifted its holdings in National Beverage by 1,292.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock worth $1,156,000 after acquiring an additional 25,311 shares in the last quarter. Barclays PLC lifted its holdings in National Beverage by 389.9% during the third quarter. Barclays PLC now owns 41,810 shares of the company’s stock worth $1,962,000 after acquiring an additional 33,275 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in National Beverage during the fourth quarter worth about $746,000. Finally, Geode Capital Management LLC lifted its holdings in National Beverage by 4.2% during the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock worth $33,148,000 after acquiring an additional 28,688 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

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.