National Beverage (NASDAQ:FIZZ) Issues Earnings Results

National Beverage (NASDAQ:FIZZ) released its quarterly earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.03), Zacks reports. National Beverage had a return on equity of 41.51% and a net margin of 15.55%.The firm had revenue of $288.33 million for the quarter, compared to the consensus estimate of $292.66 million.

National Beverage Trading Down 3.2%

NASDAQ FIZZ opened at $33.85 on Friday. National Beverage has a 12 month low of $32.21 and a 12 month high of $47.89. The firm has a market capitalization of $3.17 billion, a P/E ratio of 17.01 and a beta of 0.52. The business has a fifty day simple moving average of $34.64 and a 200 day simple moving average of $40.40.

Institutional Trading of National Beverage

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its position in shares of National Beverage by 72.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after purchasing an additional 428 shares during the last quarter. Raymond James Financial Inc. increased its holdings in National Beverage by 4.2% during the third quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock worth $465,000 after buying an additional 507 shares during the last quarter. Legal & General Group Plc raised its position in National Beverage by 0.8% in the third quarter. Legal & General Group Plc now owns 63,339 shares of the company’s stock worth $2,338,000 after acquiring an additional 533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in National Beverage by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after acquiring an additional 620 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position 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 acquiring an additional 726 shares during the period. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FIZZ shares. Weiss Ratings reissued a “hold (c-)” rating on shares of National Beverage in a research note on Friday, October 31st. UBS Group set a $35.00 price objective on National Beverage and gave the company a “sell” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.00.

About National Beverage

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.