National Beverage (NASDAQ:FIZZ) Posts Earnings Results, Hits Expectations

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

National Beverage Price Performance

Shares of NASDAQ FIZZ traded down $0.20 during midday trading on Thursday, hitting $34.25. The company’s stock had a trading volume of 405,013 shares, compared to its average volume of 272,765. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 17.21 and a beta of 0.75. The business’s fifty day simple moving average is $34.79 and its two-hundred day simple moving average is $35.47. National Beverage has a 1 year low of $31.21 and a 1 year high of $47.89.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group reissued a “sell” rating and issued a $34.00 target price (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 report on Monday, December 29th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $34.00.

Institutional Investors Weigh In On National Beverage

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position 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 valued at $46,066,000 after buying an additional 56,027 shares during the period. State Street Corp increased its position in shares of National Beverage by 3.2% during the fourth quarter. State Street Corp now owns 902,801 shares of the company’s stock worth $28,790,000 after acquiring an additional 28,036 shares during the period. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 4,288 shares during the period. Two Sigma Investments LP raised 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 valued at $11,840,000 after acquiring an additional 111,978 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised 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 valued at $10,278,000 after acquiring an additional 54,958 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

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.