National Beverage (NASDAQ:FIZZ) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

National Beverage (NASDAQ:FIZZ) posted its quarterly earnings data on Thursday. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09), Zacks reports. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.The business had revenue of $330.66 million for the quarter, compared to analyst estimates of $342.08 million.

National Beverage Stock Performance

NASDAQ FIZZ opened at $30.91 on Friday. National Beverage has a twelve month low of $30.01 and a twelve month high of $40.65. The stock has a market cap of $2.89 billion, a PE ratio of 15.77 and a beta of 0.78. The firm has a 50-day simple moving average of $31.83 and a 200 day simple moving average of $33.84.

National Beverage Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, July 30th. Investors of record on Monday, July 13th were paid a $3.25 dividend. The ex-dividend date was Monday, July 13th.

Analyst Ratings Changes

FIZZ has been the topic of a number of research analyst reports. UBS Group reaffirmed a “sell” rating and issued a $32.00 target price (down from $33.00) on shares of National Beverage in a report on Friday, September 4th. Weiss Ratings cut National Beverage from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell” and an average price target of $32.00.

Hedge Funds Weigh In On National Beverage

Several large investors have recently added to or reduced their stakes in FIZZ. Norges Bank bought a new stake in National Beverage in the 4th quarter valued at $8,355,000. Millennium Management LLC raised its stake in shares of National Beverage by 485.3% in the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock valued at $11,450,000 after buying an additional 228,553 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of National Beverage by 53.7% during the 3rd quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after acquiring an additional 111,978 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of National Beverage by 73.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 243,714 shares of the company’s stock worth $7,772,000 after acquiring an additional 102,950 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in shares of National Beverage by 960.6% during the 4th quarter. Voloridge Investment Management LLC now owns 107,944 shares of the company’s stock worth $3,442,000 after acquiring an additional 97,766 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

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.