Several other equities research analysts have also recently commented on the company. Guggenheim cut National Beverage from a neutral rating to a sell rating and cut their price target for the stock from $72.00 to $45.00 in a research note on Friday, March 8th. TheStreet lowered National Beverage from a b- rating to a c+ rating in a report on Tuesday, April 2nd. Finally, Maxim Group reaffirmed a sell rating and set a $45.00 price objective on shares of National Beverage in a report on Friday, March 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $81.60.
National Beverage stock opened at $53.31 on Monday. National Beverage has a 12 month low of $50.53 and a 12 month high of $127.32. The company has a market cap of $2.48 billion, a PE ratio of 16.71 and a beta of 1.31.
National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.23). National Beverage had a return on equity of 42.23% and a net margin of 14.84%. The company had revenue of $220.89 million for the quarter, compared to analysts’ expectations of $254.80 million. As a group, research analysts forecast that National Beverage will post 3.83 EPS for the current fiscal year.
In other National Beverage news, President Joseph G. Caporella acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $59.95 per share, with a total value of $359,700.00. Following the completion of the acquisition, the president now directly owns 413,600 shares of the company’s stock, valued at approximately $24,795,320. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 75.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FIZZ. Doyle Wealth Management purchased a new position in National Beverage during the fourth quarter worth about $50,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of National Beverage by 40.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 840 shares of the company’s stock worth $60,000 after purchasing an additional 240 shares during the period. Intercontinental Wealth Advisors LLC purchased a new position in shares of National Beverage in the 4th quarter worth about $74,000. Lindbrook Capital LLC purchased a new position in shares of National Beverage in the 4th quarter worth about $93,000. Finally, Pearl River Capital LLC purchased a new position in shares of National Beverage in the 4th quarter worth about $97,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.
National Beverage Company Profile
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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