National Beverage (NASDAQ:FIZZ) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of National Beverage (NASDAQ:FIZZGet Rating) from a hold rating to a buy rating in a research report released on Tuesday morning.

Separately, Jefferies Financial Group cut shares of National Beverage from a hold rating to an underperform rating and lowered their price objective for the company from $42.00 to $38.00 in a research note on Wednesday, January 4th.

National Beverage Stock Up 4.2 %

Shares of NASDAQ FIZZ opened at $50.66 on Tuesday. National Beverage has a 52-week low of $38.40 and a 52-week high of $57.65. The firm has a fifty day moving average of $45.29 and a 200-day moving average of $46.20. The stock has a market capitalization of $4.73 billion, a PE ratio of 34.70 and a beta of 1.01.

Institutional Trading of National Beverage

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in National Beverage by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,147,644 shares of the company’s stock worth $202,986,000 after purchasing an additional 54,100 shares during the period. Bridgewater Associates LP boosted its position in National Beverage by 5.1% in the 2nd quarter. Bridgewater Associates LP now owns 67,876 shares of the company’s stock valued at $3,322,000 after buying an additional 3,289 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in National Beverage by 16.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,919 shares of the company’s stock valued at $192,000 after buying an additional 557 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in National Beverage by 2.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 31,000 shares of the company’s stock valued at $1,195,000 after buying an additional 800 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in National Beverage in the 3rd quarter valued at about $865,000. 23.40% of the stock is owned by hedge funds and other institutional investors.

National Beverage Company Profile

(Get Rating)

National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix Cúrate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta.

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