National Beverage (NASDAQ:FIZZ) Releases Quarterly Earnings Results, Meets Expectations

National Beverage (NASDAQ:FIZZ) posted its earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44, FiscalAI reports. The company had revenue of $264.59 million for the quarter, compared to analyst estimates of $271.06 million. National Beverage had a return on equity of 39.29% and a net margin of 15.55%.

National Beverage Stock Performance

Shares of National Beverage stock traded up $0.83 during mid-day trading on Friday, hitting $35.08. 20,374 shares of the stock were exchanged, compared to its average volume of 267,528. National Beverage has a 12 month low of $31.21 and a 12 month high of $47.89. The company has a 50-day simple moving average of $34.83 and a 200 day simple moving average of $35.47. The company has a market capitalization of $3.28 billion, a P/E ratio of 17.63 and a beta of 0.75.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FIZZ. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a report on Monday, December 29th. UBS Group reaffirmed a “sell” rating and set a $34.00 price objective (down from $35.00) on shares of National Beverage in a report on Tuesday. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, National Beverage has a consensus rating of “Sell” and an average price target of $34.00.

Institutional Trading of National Beverage

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

About National Beverage

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.