FIZZ has been the topic of a number of other reports. ValuEngine downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Jefferies Financial Group reduced their price target on shares of National Beverage from $32.00 to $30.00 and set an “underperform” rating on the stock in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of National Beverage from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, UBS Group cut their price objective on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.69.
National Beverage stock opened at $54.49 on Wednesday. The firm’s 50-day moving average is $47.09 and its 200-day moving average is $45.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.93 and a current ratio of 3.56. National Beverage has a 1 year low of $38.28 and a 1 year high of $84.88. The company has a market cap of $2.53 billion, a P/E ratio of 18.16, a PEG ratio of 10.95 and a beta of 1.30.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. National Beverage had a net margin of 12.10% and a return on equity of 33.70%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $250.12 million. During the same period last year, the firm posted $0.88 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, sell-side analysts predict that National Beverage will post 2.48 earnings per share for the current year.
A number of large investors have recently modified their holdings of FIZZ. SG Americas Securities LLC lifted its position in National Beverage by 193.8% in the 2nd quarter. SG Americas Securities LLC now owns 28,349 shares of the company’s stock valued at $1,265,000 after purchasing an additional 18,700 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in National Beverage by 9.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,362 shares of the company’s stock valued at $284,000 after buying an additional 525 shares during the period. Fisher Asset Management LLC increased its stake in National Beverage by 14.7% during the 2nd quarter. Fisher Asset Management LLC now owns 56,969 shares of the company’s stock valued at $2,543,000 after buying an additional 7,307 shares during the period. Advisor Group Inc. increased its stake in National Beverage by 107.2% during the 2nd quarter. Advisor Group Inc. now owns 3,050 shares of the company’s stock valued at $136,000 after buying an additional 1,578 shares during the period. Finally, Janus Henderson Group PLC increased its stake in National Beverage by 52.0% during the 2nd quarter. Janus Henderson Group PLC now owns 14,271 shares of the company’s stock valued at $637,000 after buying an additional 4,881 shares during the period. Hedge funds and other institutional investors own 35.30% of the company’s stock.
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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