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

National Beverage (NASDAQ:FIZZ) had its price target boosted by UBS Group from $47.00 to $48.00 in a research report report published on Friday, Benzinga reports. They currently have a sell rating on the stock.

National Beverage Stock Up 1.0 %

Shares of FIZZ stock opened at $51.24 on Friday. National Beverage has a fifty-two week low of $42.85 and a fifty-two week high of $55.12. The business has a fifty day simple moving average of $46.64 and a 200-day simple moving average of $48.03. The stock has a market cap of $4.80 billion, a P/E ratio of 27.11 and a beta of 0.79.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, June 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. National Beverage had a net margin of 14.83% and a return on equity of 36.10%. The company had revenue of $297.32 million during the quarter.

National Beverage Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Monday, June 24th will be given a $3.25 dividend. This is an increase from National Beverage’s previous dividend of $3.00. The ex-dividend date is Monday, June 24th.

Insider Activity at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 12,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $47.94, for a total value of $575,280.00. Following the transaction, the director now directly owns 60,480 shares in the company, valued at approximately $2,899,411.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 75.00% of the company’s stock.

Institutional Investors Weigh In On National Beverage

Several hedge funds have recently made changes to their positions in FIZZ. Deutsche Bank AG boosted its stake in National Beverage by 13.8% in the 3rd quarter. Deutsche Bank AG now owns 12,131 shares of the company’s stock worth $570,000 after buying an additional 1,471 shares during the last quarter. Rhumbline Advisers grew its holdings in National Beverage by 0.8% in the third quarter. Rhumbline Advisers now owns 82,937 shares of the company’s stock valued at $3,900,000 after purchasing an additional 633 shares during the period. Envestnet Asset Management Inc. increased its position in National Beverage by 50.3% during the third quarter. Envestnet Asset Management Inc. now owns 196,288 shares of the company’s stock worth $9,229,000 after purchasing an additional 65,702 shares during the last quarter. Invesco Ltd. raised its stake in National Beverage by 67.3% during the third quarter. Invesco Ltd. now owns 210,971 shares of the company’s stock worth $9,920,000 after purchasing an additional 84,870 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of National Beverage by 4.8% in the 3rd quarter. Trexquant Investment LP now owns 14,838 shares of the company’s stock valued at $698,000 after purchasing an additional 686 shares during the last quarter. Institutional investors and hedge funds 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.