National Beverage Corp. (NASDAQ:FIZZ) – Jefferies Financial Group cut their FY2020 earnings per share (EPS) estimates for shares of National Beverage in a report issued on Sunday, November 10th. Jefferies Financial Group analyst K. Grundy now expects that the company will post earnings of $2.41 per share for the year, down from their previous estimate of $2.44. Jefferies Financial Group has a “Underperform” rating and a $30.00 price target on the stock. Jefferies Financial Group also issued estimates for National Beverage’s Q4 2020 earnings at $0.49 EPS, FY2021 earnings at $2.00 EPS and FY2022 earnings at $1.93 EPS.
Other analysts have also recently issued reports about the stock. UBS Group reduced their target price on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. ValuEngine cut shares of National Beverage from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Zacks Investment Research cut shares of National Beverage from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, BidaskClub upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. National Beverage currently has an average rating of “Hold” and an average target price of $56.88.
National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 5th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). The business had revenue of $263.57 million during the quarter, compared to analyst estimates of $272.85 million. National Beverage had a net margin of 12.85% and a return on equity of 35.66%. National Beverage’s revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share.
Several institutional investors have recently modified their holdings of FIZZ. RK Asset Management LLC lifted its stake in shares of National Beverage by 37.1% in the second quarter. RK Asset Management LLC now owns 180,101 shares of the company’s stock worth $8,038,000 after buying an additional 48,733 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of National Beverage by 32.6% in the second quarter. WINTON GROUP Ltd now owns 8,120 shares of the company’s stock worth $362,000 after buying an additional 1,995 shares during the last quarter. Lourd Capital LLC acquired a new stake in shares of National Beverage in the second quarter worth $207,000. Capital Impact Advisors LLC lifted its stake in shares of National Beverage by 94.9% in the second quarter. Capital Impact Advisors LLC now owns 38,678 shares of the company’s stock worth $1,704,000 after buying an additional 18,828 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of National Beverage in the second quarter worth $297,000. Institutional investors and hedge funds own 33.63% of the company’s stock.
National Beverage Company Profile
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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