National Beverage (FIZZ) Set to Announce Quarterly Earnings on Thursday

National Beverage (NASDAQ:FIZZ) will be releasing its earnings data on Thursday, March 7th.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, December 7th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. National Beverage had a net margin of 13.91% and a return on equity of 41.00%. The business had revenue of $300.07 million for the quarter.

National Beverage Stock Down 1.4 %

NASDAQ:FIZZ traded down $0.71 during midday trading on Wednesday, hitting $51.14. The stock had a trading volume of 115,587 shares, compared to its average volume of 165,856. The stock has a 50-day moving average of $49.32 and a 200 day moving average of $48.52. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 29.23 and a beta of 0.85. National Beverage has a one year low of $43.74 and a one year high of $55.12.

Hedge Funds Weigh In On National Beverage

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in National Beverage during the 4th quarter valued at about $8,560,000. First Trust Advisors LP increased its holdings in National Beverage by 1,343.8% during the first quarter. First Trust Advisors LP now owns 153,508 shares of the company’s stock valued at $8,093,000 after buying an additional 142,876 shares during the period. Marshall Wace LLP bought a new position in National Beverage in the second quarter worth approximately $5,156,000. Morgan Stanley lifted its holdings in National Beverage by 22.9% during the third quarter. Morgan Stanley now owns 377,353 shares of the company’s stock worth $17,743,000 after buying an additional 70,314 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in National Beverage by 1,623.8% during the 4th quarter. Point72 Asset Management L.P. now owns 71,400 shares of the company’s stock valued at $3,550,000 after acquiring an additional 67,258 shares in the last quarter. Hedge funds and other institutional investors own 23.09% of the company’s stock.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.