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

National Beverage (NASDAQ:FIZZ) had its price objective lifted by UBS Group from $47.00 to $48.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a sell rating on the stock.

National Beverage Trading Up 3.0 %

Shares of FIZZ stock opened at $52.80 on Friday. National Beverage has a 1 year low of $42.85 and a 1 year high of $55.12. The firm’s fifty day simple moving average is $46.81 and its 200 day simple moving average is $48.04. The firm has a market capitalization of $4.94 billion, a P/E ratio of 27.94 and a beta of 0.84.

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

National Beverage Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Monday, June 24th will be issued a $3.25 dividend. The ex-dividend date is Monday, June 24th. This is a positive change from National Beverage’s previous dividend of $3.00.

Insider Buying and Selling at National Beverage

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 shares were sold at an average price of $47.94, for a total value of $575,280.00. Following the sale, the director now owns 60,480 shares of the company’s stock, valued at approximately $2,899,411.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 75.00% of the company’s stock.

Institutional Investors Weigh In On National Beverage

Several institutional investors and hedge funds have recently made changes to their positions in FIZZ. Deutsche Bank AG boosted its stake in shares of National Beverage by 13.8% in the 3rd quarter. Deutsche Bank AG now owns 12,131 shares of the company’s stock valued at $570,000 after purchasing an additional 1,471 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of National Beverage by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 82,937 shares of the company’s stock valued at $3,900,000 after purchasing an additional 633 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of National Beverage by 50.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 196,288 shares of the company’s stock valued at $9,229,000 after purchasing an additional 65,702 shares in the last quarter. Invesco Ltd. boosted its stake in shares of National Beverage by 67.3% in the 3rd quarter. Invesco Ltd. now owns 210,971 shares of the company’s stock valued at $9,920,000 after purchasing an additional 84,870 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

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.