According to Zacks, “National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks. “
FIZZ has been the subject of a number of other research reports. Imperial Capital restated an outperform rating and set a $65.00 target price (down previously from $150.00) on shares of National Beverage in a report on Monday, July 1st. Jefferies Financial Group decreased their target price on National Beverage from $34.00 to $33.00 and set an underperform rating for the company in a report on Thursday, June 27th. Guggenheim increased their price objective on National Beverage to $45.00 and gave the stock a sell rating in a report on Thursday, May 30th. UBS Group upgraded National Beverage from a sell rating to a neutral rating and decreased their price objective for the stock from $50.00 to $48.00 in a report on Tuesday, June 4th. Finally, Maxim Group reiterated a hold rating on shares of National Beverage in a report on Thursday, June 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $57.88.
National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, June 26th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The business had revenue of $239.91 million for the quarter, compared to the consensus estimate of $232.10 million. National Beverage had a net margin of 13.89% and a return on equity of 39.35%. On average, equities analysts predict that National Beverage will post 2.54 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC bought a new position in shares of National Beverage during the first quarter valued at $25,000. Royce & Associates LP bought a new position in shares of National Beverage during the first quarter valued at $42,000. Resources Investment Advisors LLC. bought a new position in shares of National Beverage during the second quarter valued at $45,000. Private Capital Group LLC bought a new position in shares of National Beverage during the first quarter valued at $59,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of National Beverage by 28,600.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the company’s stock valued at $51,000 after acquiring an additional 1,144 shares in the last quarter. Institutional investors and hedge funds own 26.40% of the company’s stock.
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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