National Beverage (NASDAQ:FIZZ) Issues Quarterly Earnings Results

National Beverage (NASDAQ:FIZZ) announced its quarterly earnings results on Wednesday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $297.12 million during the quarter, compared to analyst estimates of $294.81 million.

National Beverage Stock Down 0.6%

Shares of NASDAQ FIZZ traded down $0.20 during midday trading on Wednesday, reaching $31.00. 860,657 shares of the company were exchanged, compared to its average volume of 299,746. The stock’s 50-day moving average price is $35.05 and its 200-day moving average price is $34.54. The stock has a market cap of $2.90 billion, a P/E ratio of 15.42 and a beta of 0.76. National Beverage has a one year low of $30.75 and a one year high of $47.89.

Hedge Funds Weigh In On National Beverage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in shares of National Beverage by 3.2% during the 4th quarter. Invesco Ltd. now owns 191,927 shares of the company’s stock valued at $6,121,000 after purchasing an additional 5,934 shares in the last quarter. Vident Advisory LLC bought a new stake in National Beverage in the fourth quarter worth approximately $588,000. State of Tennessee Department of Treasury lifted its stake in National Beverage by 102.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 11,635 shares of the company’s stock valued at $397,000 after buying an additional 5,879 shares during the period. EP Wealth Advisors LLC bought a new position in shares of National Beverage during the 4th quarter worth approximately $249,000. Finally, Voloridge Investment Management LLC boosted its holdings in shares of National Beverage by 960.6% during the 4th quarter. Voloridge Investment Management LLC now owns 107,944 shares of the company’s stock worth $3,442,000 after buying an additional 97,766 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FIZZ shares. UBS Group reiterated a “sell” rating and issued a $33.00 price target (down from $35.00) on shares of National Beverage in a research report on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell” and an average price target 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.