National Beverage (NASDAQ:FIZZ) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

National Beverage (NASDAQ:FIZZ) issued its earnings results on Thursday. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09), Zacks reports. The business had revenue of $330.66 million for the quarter, compared to the consensus estimate of $342.08 million. National Beverage had a return on equity of 29.52% and a net margin of 14.81%.

National Beverage Stock Up 1.5%

Shares of NASDAQ:FIZZ opened at $31.37 on Friday. National Beverage has a 12-month low of $28.97 and a 12-month high of $40.65. The business has a 50 day moving average of $31.79 and a 200-day moving average of $33.82. The stock has a market cap of $2.94 billion, a PE ratio of 16.87 and a beta of 0.78.

National Beverage Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 13th were issued a dividend of $3.25 per share. The ex-dividend date was Monday, July 13th.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIZZ. UBS Group reaffirmed a “sell” rating and set a $32.00 price target (down from $33.00) on shares of National Beverage in a report on Friday, September 4th. Weiss Ratings cut shares of National Beverage from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $32.00.

Hedge Funds Weigh In On National Beverage

A number of large investors have recently made changes to their positions in FIZZ. Invesco Ltd. grew its holdings in National Beverage by 3.2% in the 4th quarter. Invesco Ltd. now owns 191,927 shares of the company’s stock valued at $6,121,000 after buying an additional 5,934 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of National Beverage during the fourth quarter worth $588,000. State of Tennessee Department of Treasury lifted its holdings in shares of National Beverage by 102.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 11,635 shares of the company’s stock worth $397,000 after buying an additional 5,879 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of National Beverage in the fourth quarter valued at about $249,000. Finally, Voloridge Investment Management LLC boosted its position in shares of National Beverage by 960.6% in the fourth quarter. Voloridge Investment Management LLC now owns 107,944 shares of the company’s stock valued at $3,442,000 after acquiring an additional 97,766 shares during the period. Institutional investors own 23.95% of the company’s stock.

National Beverage Company Profile

National Beverage Corp. (NASDAQ:FIZZ) develops, manufactures and distributes a portfolio of nonalcoholic beverages. Its products include flavored sparkling waters, carbonated soft drinks, energy drinks, juices and enhanced water beverages, serving consumers through retail, foodservice and other distribution channels.

The company’s brand portfolio includes LaCroix sparkling water, Shasta and Faygo carbonated soft drinks, Everfresh and Mr. Pure juices, and Rip It energy drinks. National Beverage markets its products primarily in the United States, with distribution also extending into Canada and other select markets.

National Beverage was formed in 1985 and is headquartered in Fort Lauderdale, Florida.