National Beverage (NASDAQ:FIZZ) Posts Earnings Results

National Beverage (NASDAQ:FIZZ) issued its quarterly earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04), FiscalAI reports. National Beverage had a net margin of 15.71% and a return on equity of 36.00%. The company had revenue of $297.12 million during the quarter, compared to analyst estimates of $294.81 million.

National Beverage Stock Down 0.6%

FIZZ traded down $0.20 during trading on Wednesday, hitting $31.00. 860,858 shares of the company’s stock were exchanged, compared to its average volume of 299,746. National Beverage has a fifty-two week low of $30.75 and a fifty-two week high of $47.89. The stock has a market cap of $2.90 billion, a P/E ratio of 15.42 and a beta of 0.76. The business’s 50 day moving average is $35.05 and its two-hundred day moving average is $34.54.

Institutional Investors Weigh In On National Beverage

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in National Beverage by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,444,432 shares of the company’s stock valued at $46,066,000 after acquiring an additional 56,027 shares in the last quarter. State Street Corp increased its holdings in National Beverage by 3.2% during the 4th quarter. State Street Corp now owns 902,801 shares of the company’s stock worth $28,790,000 after purchasing an additional 28,036 shares in the last quarter. Geode Capital Management LLC increased its holdings in National Beverage by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock worth $24,061,000 after purchasing an additional 4,288 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of National Beverage by 53.7% in the third quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after purchasing an additional 111,978 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of National Beverage by 24.6% in the third quarter. Qube Research & Technologies Ltd now owns 278,395 shares of the company’s stock valued at $10,278,000 after purchasing an additional 54,958 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIZZ has been the topic of several research analyst reports. UBS Group reissued a “sell” rating and set a $33.00 target price (down from $35.00) on shares of National Beverage in a research note on Friday, June 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $33.00.

National Beverage Company Profile

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.