FIZZ has been the topic of several other reports. Cfra cut National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Tuesday, June 11th. Jefferies Financial Group decreased their price objective on National Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a report on Thursday, June 27th. Imperial Capital reaffirmed an “outperform” rating and set a $65.00 price objective (down from $150.00) on shares of National Beverage in a report on Monday, July 1st. UBS Group decreased their price objective on Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a report on Tuesday, June 4th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $57.88.
Shares of FIZZ opened at $42.16 on Friday. The stock has a market cap of $1.97 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 8.32 and a beta of 1.31. National Beverage has a 1 year low of $40.05 and a 1 year high of $127.32. The business’s 50 day moving average price is $45.64.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Wednesday, June 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.10). The firm had revenue of $239.91 million for the quarter, compared to analysts’ expectations of $232.10 million. National Beverage had a return on equity of 39.35% and a net margin of 13.89%. On average, equities analysts predict that National Beverage will post 2.54 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Lourd Capital LLC acquired a new stake in National Beverage in the second quarter valued at approximately $207,000. WINTON GROUP Ltd boosted its stake in shares of National Beverage by 32.6% in the second quarter. WINTON GROUP Ltd now owns 8,120 shares of the company’s stock worth $362,000 after acquiring an additional 1,995 shares during the last quarter. RK Asset Management LLC boosted its stake in shares of National Beverage by 37.1% in the second quarter. RK Asset Management LLC now owns 180,101 shares of the company’s stock worth $8,038,000 after acquiring an additional 48,733 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of National Beverage by 1.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock worth $49,019,000 after acquiring an additional 14,979 shares during the last quarter. Finally, GMT Capital Corp acquired a new stake in shares of National Beverage in the first quarter worth approximately $4,820,000. Institutional investors own 24.79% of the company’s stock.
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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