National Beverage (FIZZ) Given Consensus Recommendation of “Hold” by Brokerages
National Beverage (NASDAQ:FIZZ) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $106.00.
Several equities analysts have recently weighed in on the company. Susquehanna Bancshares restated a “buy” rating and issued a $173.00 price objective on shares of National Beverage in a report on Thursday, January 25th. BidaskClub upgraded National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Maxim Group raised their price objective on National Beverage from $40.00 to $45.00 and gave the company a “sell” rating in a report on Friday, March 9th. Finally, Imperial Capital assumed coverage on National Beverage in a report on Monday, April 16th. They issued an “outperform” rating and a $125.00 price objective for the company.
A number of institutional investors have recently bought and sold shares of FIZZ. Renaissance Technologies LLC grew its holdings in National Beverage by 53.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock worth $136,523,000 after purchasing an additional 489,000 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in National Beverage during the fourth quarter worth about $38,760,000. Wells Fargo & Company MN grew its holdings in National Beverage by 49.1% during the fourth quarter. Wells Fargo & Company MN now owns 544,095 shares of the company’s stock worth $53,018,000 after purchasing an additional 179,276 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in National Beverage by 29.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 467,392 shares of the company’s stock worth $45,543,000 after purchasing an additional 105,282 shares during the period. Finally, BlackRock Inc. grew its holdings in National Beverage by 7.9% during the fourth quarter. BlackRock Inc. now owns 806,392 shares of the company’s stock worth $78,574,000 after purchasing an additional 59,170 shares during the period. Institutional investors and hedge funds own 23.47% of the company’s stock.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, March 8th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.21. The company had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $232.06 million. National Beverage had a return on equity of 56.83% and a net margin of 15.10%. National Beverage’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. sell-side analysts anticipate that National Beverage will post 3.3 earnings per share for the current fiscal year.
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About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.
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