Jefferies Financial Group began coverage on shares of National Beverage (NASDAQ:FIZZ) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage issued an underperform rating and a $45.00 price objective on the stock. Jefferies Financial Group also issued estimates for National Beverage’s Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $3.09 EPS, FY2020 earnings at $2.90 EPS and FY2021 earnings at $2.93 EPS.
Several other research analysts have also weighed in on the company. BidaskClub raised National Beverage from a strong sell rating to a sell rating in a research report on Tuesday, April 9th. Guggenheim lowered National Beverage from a neutral rating to a sell rating and lowered their price target for the stock from $72.00 to $45.00 in a research report on Friday, March 8th. TheStreet lowered National Beverage from a b- rating to a c+ rating in a research report on Tuesday, April 2nd. Maxim Group reaffirmed a sell rating and set a $45.00 price target on shares of National Beverage in a research report on Friday, March 8th. Finally, UBS Group lowered their price target on National Beverage to $50.00 and set a positive rating on the stock in a research report on Monday, April 15th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $75.50.
National Beverage stock traded up $0.67 during midday trading on Tuesday, reaching $53.50. The stock had a trading volume of 3,008 shares, compared to its average volume of 291,194. National Beverage has a 1-year low of $50.11 and a 1-year high of $127.32. The firm has a market cap of $2.44 billion, a PE ratio of 16.75, a P/E/G ratio of 7.15 and a beta of 1.25.
National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, March 7th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.23). The firm had revenue of $220.89 million during the quarter, compared to analyst estimates of $254.80 million. National Beverage had a net margin of 14.84% and a return on equity of 42.23%. As a group, analysts anticipate that National Beverage will post 3.46 EPS for the current fiscal year.
In related news, President Joseph G. Caporella purchased 6,000 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $59.95 per share, with a total value of $359,700.00. Following the transaction, the president now directly owns 413,600 shares of the company’s stock, valued at $24,795,320. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 75.20% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC acquired a new position in shares of National Beverage during the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of National Beverage during the 1st quarter worth approximately $40,000. Royce & Associates LP acquired a new position in shares of National Beverage during the 1st quarter worth approximately $42,000. Doyle Wealth Management acquired a new position in shares of National Beverage during the 4th quarter worth approximately $50,000. Finally, Private Capital Group LLC acquired a new position in shares of National Beverage during the 1st quarter worth approximately $59,000. 23.89% of the stock is currently owned by institutional investors and hedge funds.
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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