According to Zacks, “National Beverage Corp. is a holding company for various subsidiaries that develop, manufacture, market and distribute a complete portfolio of quality beverage products throughout the United States. Their brands emphasize distinctive flavor variety, including their flagship brands, Shasta(R) and Faygo(R), complete lines of multi-flavored and cola soft drinks. “
A number of other research firms also recently issued reports on FIZZ. BidaskClub raised shares of Westport Fuel Systems from a hold rating to a buy rating in a report on Friday, July 12th. Maxim Group reissued a hold rating on shares of National Beverage in a report on Thursday, June 27th. Imperial Capital reissued an outperform rating and issued a $65.00 price objective (down previously from $150.00) on shares of National Beverage in a report on Monday, July 1st. TheStreet downgraded shares of SYNNEX from a b rating to a c+ rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group dropped their price objective on shares of National Beverage from $34.00 to $33.00 and set an underperform rating on the stock in a report on Thursday, June 27th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $57.88.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). National Beverage had a return on equity of 39.35% and a net margin of 13.89%. The company had revenue of $239.91 million during the quarter, compared to the consensus estimate of $232.10 million. On average, research analysts forecast that National Beverage will post 2.54 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in National Beverage by 1.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock valued at $49,019,000 after purchasing an additional 14,979 shares in the last quarter. Eukles Asset Management purchased a new position in National Beverage during the first quarter valued at approximately $196,000. Deutsche Bank AG lifted its holdings in National Beverage by 14.3% during the fourth quarter. Deutsche Bank AG now owns 214,719 shares of the company’s stock valued at $15,409,000 after purchasing an additional 26,820 shares in the last quarter. GMT Capital Corp purchased a new position in National Beverage during the first quarter valued at approximately $4,820,000. Finally, BOKF NA lifted its holdings in National Beverage by 31.3% during the fourth quarter. BOKF NA now owns 10,188 shares of the company’s stock valued at $731,000 after purchasing an additional 2,428 shares in the last quarter. 24.89% of the stock is currently owned by institutional investors.
About National Beverage
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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