National Beverage (NASDAQ:FIZZ) Posts Earnings Results, Misses Expectations By $0.03 EPS

National Beverage (NASDAQ:FIZZ) announced its quarterly earnings data on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.03), Zacks reports. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.

National Beverage Trading Down 1.6%

Shares of FIZZ traded down $0.57 on Thursday, reaching $34.96. 422,614 shares of the company’s stock were exchanged, compared to its average volume of 229,402. The business has a 50 day moving average price of $34.77 and a two-hundred day moving average price of $40.51. National Beverage has a 12 month low of $32.21 and a 12 month high of $47.89. The stock has a market capitalization of $3.27 billion, a P/E ratio of 17.57 and a beta of 0.52.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FIZZ shares. UBS Group set a $35.00 target price on shares of National Beverage and gave the stock a “sell” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of National Beverage in a report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $35.00.

Hedge Funds Weigh In On National Beverage

Several institutional investors have recently modified their holdings of FIZZ. Osaic Holdings Inc. increased its holdings in National Beverage by 72.5% during the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock worth $44,000 after buying an additional 428 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of National Beverage by 4.2% during the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock worth $465,000 after purchasing an additional 507 shares during the last quarter. Legal & General Group Plc increased its stake in shares of National Beverage by 0.8% during the 3rd quarter. Legal & General Group Plc now owns 63,339 shares of the company’s stock worth $2,338,000 after purchasing an additional 533 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in National Beverage by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after buying an additional 620 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in National Beverage by 213.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after acquiring an additional 726 shares during the period. Institutional investors own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.