Several analysts have recently updated their ratings and price targets for New Age Beverages (NASDAQ: NBEV):

  • 9/12/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “
  • 9/5/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “
  • 9/4/2019 – New Age Beverages was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/24/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “
  • 8/22/2019 – New Age Beverages was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating.
  • 8/16/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “
  • 8/9/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “
  • 8/8/2019 – New Age Beverages had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $5.00 price target on the stock.
  • 7/26/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “
  • 7/22/2019 – New Age Beverages was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $5.00 price target on the stock, down previously from $8.00.
  • 7/16/2019 – New Age Beverages was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New Age Beverages Corporation is a beverage company. The company’s brand portfolio include XingTea (R) , Aspen Pure (R) , Artesian Water, Búcha (R) Live Kombucha, Marley One Drop (R), RTD Coffee and Marley Mellow Mood (TM). New Age Beverages Corporation, formerly known as American Brewing Company Inc., is based in USA. “

New Age Beverages stock traded up $0.05 during midday trading on Friday, reaching $3.22. The stock had a trading volume of 1,052,348 shares, compared to its average volume of 5,423,080. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.24 and a current ratio of 1.65. New Age Beverages Corp has a 52-week low of $1.53 and a 52-week high of $9.99. The company has a fifty day moving average of $3.42 and a 200 day moving average of $4.64.

New Age Beverages (NASDAQ:NBEV) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). New Age Beverages had a negative return on equity of 17.70% and a negative net margin of 12.78%. The firm had revenue of $66.35 million during the quarter, compared to analysts’ expectations of $64.43 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 396.6% compared to the same quarter last year. Research analysts forecast that New Age Beverages Corp will post -0.27 EPS for the current year.

In related news, CEO Brent D. Willis sold 25,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4.00, for a total value of $100,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 75,000 shares of company stock worth $296,500 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Independent Advisor Alliance increased its position in shares of New Age Beverages by 13.8% during the first quarter. Independent Advisor Alliance now owns 22,925 shares of the company’s stock worth $121,000 after acquiring an additional 2,784 shares during the period. Advisor Group Inc. increased its position in shares of New Age Beverages by 24.5% during the second quarter. Advisor Group Inc. now owns 24,270 shares of the company’s stock worth $112,000 after acquiring an additional 4,770 shares during the period. WINTON GROUP Ltd increased its position in shares of New Age Beverages by 47.9% during the second quarter. WINTON GROUP Ltd now owns 28,935 shares of the company’s stock worth $135,000 after acquiring an additional 9,374 shares during the period. Advisory Services Network LLC increased its position in shares of New Age Beverages by 5,012.7% during the first quarter. Advisory Services Network LLC now owns 10,072 shares of the company’s stock worth $53,000 after acquiring an additional 9,875 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of New Age Beverages during the first quarter worth approximately $56,000. 22.53% of the stock is currently owned by institutional investors and hedge funds.

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.

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