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

National Beverage (NASDAQ:FIZZ) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

National Beverage Price Performance

Shares of FIZZ stock traded up $1.50 on Monday, hitting $48.64. 182,659 shares of the company’s stock were exchanged, compared to its average volume of 153,967. National Beverage has a 12 month low of $38.40 and a 12 month high of $55.12. The stock has a market cap of $4.54 billion, a P/E ratio of 28.95 and a beta of 0.99. The company has a 50 day moving average of $51.40 and a 200 day moving average of $50.44.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. National Beverage had a net margin of 13.26% and a return on equity of 46.59%. The business had revenue of $324.24 million for the quarter, compared to analysts’ expectations of $327.66 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year.

Hedge Funds Weigh In On National Beverage

Several institutional investors have recently made changes to their positions in FIZZ. Bessemer Group Inc. acquired a new position in shares of National Beverage during the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in shares of National Beverage in the 2nd quarter worth about $28,000. National Bank of Canada FI raised its holdings in shares of National Beverage by 80.3% in the 1st quarter. National Bank of Canada FI now owns 541 shares of the company’s stock worth $38,000 after acquiring an additional 241 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of National Beverage by 80.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,187 shares of the company’s stock worth $58,000 after acquiring an additional 528 shares during the last quarter. Finally, Point72 Middle East FZE acquired a new stake in shares of National Beverage in the 4th quarter worth about $66,000. Institutional investors and hedge funds own 23.09% 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.