According to Zacks, “National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks. “
Several other equities research analysts also recently weighed in on FIZZ. Guggenheim raised their target price on shares of National Beverage to $45.00 and gave the company a “sell” rating in a research note on Thursday, May 30th. Imperial Capital restated an “outperform” rating and issued a $65.00 target price (down from $150.00) on shares of National Beverage in a research note on Monday, July 1st. Cfra downgraded shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Tuesday, June 11th. UBS Group upgraded shares of National Beverage from a “sell” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $48.00 in a research note on Tuesday, June 4th. Finally, BidaskClub downgraded shares of National Beverage from a “sell” rating to a “strong sell” rating in a research note on Friday, July 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $57.88.
National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, June 26th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.10). The firm had revenue of $239.91 million during the quarter, compared to analyst estimates of $232.10 million. National Beverage had a net margin of 13.89% and a return on equity of 39.35%. On average, sell-side analysts anticipate that National Beverage will post 2.54 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in shares of National Beverage during the first quarter worth $25,000. Swiss National Bank lifted its stake in shares of National Beverage by 2.4% during the second quarter. Swiss National Bank now owns 21,700 shares of the company’s stock worth $968,000 after buying an additional 500 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of National Beverage by 9.0% during the second quarter. Janney Montgomery Scott LLC now owns 6,362 shares of the company’s stock worth $284,000 after buying an additional 525 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of National Beverage by 13.1% during the second quarter. UBS Asset Management Americas Inc. now owns 4,723 shares of the company’s stock worth $211,000 after buying an additional 547 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of National Beverage by 18.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,875 shares of the company’s stock worth $173,000 after buying an additional 606 shares during the period. Institutional investors and hedge funds own 26.40% 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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