National Beverage (NASDAQ:FIZZ) Issues Earnings Results

National Beverage (NASDAQ:FIZZ) posted its quarterly earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44, FiscalAI reports. National Beverage had a net margin of 15.55% and a return on equity of 39.29%. The company had revenue of $264.59 million for the quarter, compared to the consensus estimate of $271.06 million.

National Beverage Price Performance

Shares of National Beverage stock traded down $0.20 on Thursday, hitting $34.25. The company had a trading volume of 405,012 shares, compared to its average volume of 272,749. The business has a 50-day simple moving average of $34.79 and a 200-day simple moving average of $35.47. The company has a market cap of $3.21 billion, a PE ratio of 17.21 and a beta of 0.75. National Beverage has a 52 week low of $31.21 and a 52 week high of $47.89.

Institutional Trading of National Beverage

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd increased its holdings in shares of National Beverage by 156.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock valued at $35,000 after buying an additional 678 shares in the last quarter. Jessup Wealth Management Inc purchased a new stake in National Beverage in the 4th quarter worth about $38,000. Advisory Services Network LLC acquired a new stake in shares of National Beverage during the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. lifted its holdings in shares of National Beverage by 213.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after buying an additional 726 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock worth $44,000 after purchasing an additional 428 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group reiterated a “sell” rating and set a $34.00 price target (down from $35.00) on shares of National Beverage in a research report on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a research note on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $34.00.

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.