National Beverage (NASDAQ:FIZZ) Issues Earnings Results

National Beverage (NASDAQ:FIZZGet Free Report) released its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09), Zacks reports. The company had revenue of $330.66 million during the quarter, compared to analyst estimates of $342.08 million. National Beverage had a net margin of 15.56% and a return on equity of 32.20%.

National Beverage Stock Up 1.2%

NASDAQ:FIZZ traded up $0.37 on Thursday, reaching $30.91. The company’s stock had a trading volume of 355,705 shares, compared to its average volume of 340,086. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 15.77 and a beta of 0.78. National Beverage has a 12-month low of $30.01 and a 12-month high of $40.65. The stock has a 50 day moving average price of $31.88 and a 200 day moving average price of $33.88.

National Beverage Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, July 30th. Investors of record on Monday, July 13th were given a $3.25 dividend. The ex-dividend date was Monday, July 13th.

Institutional Investors Weigh In On National Beverage

A number of institutional investors and hedge funds have recently made changes to their positions in FIZZ. ExodusPoint Capital Management LP boosted its position in shares of National Beverage by 3.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 12,474 shares of the company’s stock worth $398,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. grew its stake in shares of National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after buying an additional 428 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of National Beverage by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock valued at $465,000 after buying an additional 507 shares during the period. Legal & General Group Plc raised its holdings in shares of National Beverage by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 63,339 shares of the company’s stock valued at $2,338,000 after buying an additional 533 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Beverage by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock worth $580,000 after acquiring an additional 620 shares in the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “sell” rating and issued a $32.00 price objective (down from $33.00) on shares of National Beverage in a report on Friday, September 4th. Weiss Ratings cut shares of National Beverage from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $32.00.

Read Our Latest Research Report on FIZZ

National Beverage Company Profile

(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.

Further Reading

Earnings History for National Beverage (NASDAQ:FIZZ)

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