Shares of National Beverage (NASDAQ:FIZZ) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $106.00.
A number of equities analysts have recently issued reports on FIZZ shares. BidaskClub downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Susquehanna Bancshares restated a “buy” rating and issued a $173.00 target price on shares of National Beverage in a research note on Thursday, January 25th. Maxim Group raised their target price on shares of National Beverage from $40.00 to $45.00 and gave the company a “sell” rating in a research note on Friday, March 9th. Finally, Imperial Capital initiated coverage on shares of National Beverage in a research note on Monday. They issued an “outperform” rating and a $125.00 target price for the company.
Several institutional investors have recently modified their holdings of FIZZ. Renaissance Technologies LLC raised its holdings in shares of National Beverage by 53.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock worth $136,523,000 after purchasing an additional 489,000 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of National Beverage during the fourth quarter worth $38,760,000. Wells Fargo & Company MN raised its holdings in shares of National Beverage by 49.1% during the fourth quarter. Wells Fargo & Company MN now owns 544,095 shares of the company’s stock worth $53,018,000 after purchasing an additional 179,276 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of National Beverage by 29.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 467,392 shares of the company’s stock worth $45,543,000 after purchasing an additional 105,282 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in National Beverage by 7.9% in the fourth quarter. BlackRock Inc. now owns 806,392 shares of the company’s stock valued at $78,574,000 after buying an additional 59,170 shares in the last quarter. 23.59% of the stock is owned by hedge funds and other institutional investors.
National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, March 8th. The company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.21. The business had revenue of $227.50 million for the quarter, compared to analyst estimates of $232.06 million. National Beverage had a net margin of 15.10% and a return on equity of 56.83%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share.
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About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.
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