National Beverage (NASDAQ:FIZZ) Issues Earnings Results

National Beverage (NASDAQ:FIZZGet Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04), FiscalAI reports. National Beverage had a net margin of 15.56% and a return on equity of 33.47%. The firm had revenue of $297.12 million for the quarter, compared to the consensus estimate of $294.81 million.

National Beverage Stock Performance

National Beverage stock opened at $33.33 on Friday. National Beverage has a 52 week low of $30.75 and a 52 week high of $47.89. The firm has a market capitalization of $3.12 billion, a PE ratio of 17.01 and a beta of 0.79. The business’s 50-day simple moving average is $35.01 and its 200-day simple moving average is $34.51.

National Beverage Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, July 30th. Investors of record on Monday, July 13th will be issued a $3.25 dividend. The ex-dividend date is Monday, July 13th.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FIZZ shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. UBS Group reissued a “sell” rating and issued a $33.00 price target (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $33.00.

Get Our Latest Research Report on FIZZ

National Beverage News Roundup

Here are the key news stories impacting National Beverage this week:

Institutional Investors Weigh In On National Beverage

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in National Beverage by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,444,432 shares of the company’s stock valued at $46,066,000 after buying an additional 56,027 shares in the last quarter. State Street Corp increased its position in National Beverage by 3.2% in the fourth quarter. State Street Corp now owns 902,801 shares of the company’s stock worth $28,790,000 after purchasing an additional 28,036 shares during the period. Geode Capital Management LLC raised its holdings in National Beverage by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock worth $24,061,000 after purchasing an additional 4,288 shares during the last quarter. Two Sigma Investments LP raised its holdings in National Beverage by 53.7% during the 3rd quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after purchasing an additional 111,978 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in National Beverage by 24.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 278,395 shares of the company’s stock valued at $10,278,000 after purchasing an additional 54,958 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

About National Beverage

(Get Free Report)

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.

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Earnings History for National Beverage (NASDAQ:FIZZ)

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