National Beverage (NASDAQ:FIZZ) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

National Beverage (NASDAQ:FIZZ) released its quarterly earnings data on Wednesday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04), FiscalAI reports. National Beverage had a net margin of 15.71% and a return on equity of 36.00%. The firm had revenue of $297.12 million for the quarter, compared to the consensus estimate of $294.81 million.

National Beverage Stock Performance

FIZZ traded down $0.20 during mid-day trading on Wednesday, reaching $31.00. 860,657 shares of the stock were exchanged, compared to its average volume of 299,746. The stock has a market capitalization of $2.90 billion, a PE ratio of 15.42 and a beta of 0.76. The company has a 50 day moving average price of $35.05 and a two-hundred day moving average price of $34.54. National Beverage has a 1 year low of $30.75 and a 1 year high of $47.89.

Institutional Trading of National Beverage

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in National Beverage by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,444,432 shares of the company’s stock worth $46,066,000 after acquiring an additional 56,027 shares during the last quarter. State Street Corp lifted its holdings in National Beverage by 3.2% during the fourth quarter. State Street Corp now owns 902,801 shares of the company’s stock valued at $28,790,000 after purchasing an additional 28,036 shares during the last quarter. Geode Capital Management LLC boosted its position in National Beverage by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock worth $24,061,000 after purchasing an additional 4,288 shares during the period. Two Sigma Investments LP increased its stake in shares of National Beverage by 53.7% in the third quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after purchasing an additional 111,978 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of National Beverage by 24.6% in the third quarter. Qube Research & Technologies Ltd now owns 278,395 shares of the company’s stock worth $10,278,000 after purchasing an additional 54,958 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group restated a “sell” rating and set a $33.00 price target (down from $35.00) on shares of National Beverage in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, National Beverage has an average rating of “Sell” and an average price target of $33.00.

About National Beverage

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.