Shares of National Beverage Corp. (NASDAQ:FIZZ) hit a new 52-week low during trading on Thursday . The company traded as low as $81.54 and last traded at $82.84, with a volume of 136636 shares changing hands. The stock had previously closed at $84.52.
FIZZ has been the subject of a number of recent analyst reports. Guggenheim upgraded shares of National Beverage from a “sell” rating to a “neutral” rating in a research report on Thursday. BidaskClub upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. Susquehanna Bancshares dropped their price target on shares of National Beverage from $138.00 to $118.00 in a research report on Thursday, November 15th. Zacks Investment Research upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, ValuEngine lowered shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $101.00.
The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 26.43 and a beta of 1.11.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, September 6th. The company reported $1.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.04. The business had revenue of $292.59 million during the quarter, compared to analyst estimates of $288.40 million. National Beverage had a net margin of 15.90% and a return on equity of 51.15%. As a group, sell-side analysts anticipate that National Beverage Corp. will post 3.83 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Tuesday, January 29th. Shareholders of record on Friday, November 30th will be given a $2.90 dividend. This is a positive change from National Beverage’s previous special dividend of $1.50. The ex-dividend date is Thursday, November 29th.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. bought a new position in shares of National Beverage during the second quarter worth $32,123,000. Renaissance Technologies LLC boosted its position in shares of National Beverage by 9.4% during the second quarter. Renaissance Technologies LLC now owns 1,784,900 shares of the company’s stock worth $190,806,000 after acquiring an additional 154,000 shares during the last quarter. FMR LLC bought a new position in shares of National Beverage during the second quarter worth $15,602,000. Carnegie Capital Asset Management LLC bought a new position in shares of National Beverage during the third quarter worth $5,439,000. Finally, Tygh Capital Management Inc. bought a new position in shares of National Beverage during the third quarter worth $6,132,000. Institutional investors and hedge funds own 23.87% of the company’s stock.
About National Beverage (NASDAQ:FIZZ)
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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