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

National Beverage (NASDAQ:FIZZ) released its quarterly earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million.

National Beverage Stock Performance

Shares of FIZZ opened at $31.00 on Thursday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79. The business’s fifty day moving average price is $35.00 and its two-hundred day moving average price is $34.51. National Beverage has a 52 week low of $30.75 and a 52 week high of $47.89.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On National Beverage

Institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after acquiring an additional 428 shares during the last quarter. Advisory Services Network LLC acquired a new position in National Beverage during the 3rd quarter valued at about $39,000. Brown Brothers Harriman & Co. lifted its position in 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 purchasing an additional 726 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of National Beverage by 156.6% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock valued at $35,000 after purchasing an additional 678 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of National Beverage in the 4th quarter valued at about $38,000. Institutional investors own 23.95% of the company’s stock.

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.