National Beverage (FIZZ) Stock Rating Reaffirmed by Maxim Group
“Market close, FIZZ reported F2Q19 (Oct) revenue and EBITDA below both our estimates and consensus. We believe LaCroix sales growth decelerated sharply in a lawsuit claimed that the product contains certain questionable ingredients. The company announced a special dividend of $2.90 per share, payable on or about the ex-dividend date was November 29, 2018. Note that the CEO owns 73% of the stock.”,” the firm’s analyst wrote.
Other equities analysts have also issued reports about the stock. Susquehanna Bancshares decreased their target price on shares of National Beverage from $138.00 to $118.00 in a report on Thursday, November 15th. BidaskClub lowered shares of National Beverage from a strong-buy rating to a buy rating in a report on Thursday, August 30th. ValuEngine upgraded shares of National Beverage from a hold rating to a buy rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of National Beverage from a sell rating to a hold rating in a report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. National Beverage presently has a consensus rating of Hold and an average price target of $99.75.
National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, December 6th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $260.71 million for the quarter, compared to analyst estimates of $273.40 million. National Beverage had a net margin of 16.33% and a return on equity of 47.17%. Equities research analysts predict that National Beverage will post 3.83 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Tuesday, January 29th. Stockholders of record on Friday, November 30th will be paid a $2.90 dividend. This is an increase from National Beverage’s previous special dividend of $1.50. The ex-dividend date of this dividend is Thursday, November 29th.
Institutional investors have recently added to or reduced their stakes in the company. Cim LLC raised its stake in shares of National Beverage by 16.7% in the 3rd quarter. Cim LLC now owns 5,320 shares of the company’s stock valued at $620,000 after acquiring an additional 762 shares during the period. FMR LLC purchased a new stake in shares of National Beverage in the 2nd quarter valued at approximately $15,602,000. Trexquant Investment LP purchased a new stake in shares of National Beverage in the 2nd quarter valued at approximately $2,220,000. Bank of New York Mellon Corp raised its stake in shares of National Beverage by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock valued at $13,760,000 after acquiring an additional 8,612 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of National Beverage by 27.8% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 4,284 shares of the company’s stock valued at $499,000 after acquiring an additional 931 shares during the period. 23.87% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: What is the Rule of 72?
Receive News & Ratings for National Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage and related companies with MarketBeat.com's FREE daily email newsletter.