National Beverage Corp. (NASDAQ:FIZZ) – Jefferies Financial Group reduced their FY2020 earnings per share (EPS) estimates for National Beverage in a note issued to investors on Sunday, November 10th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings per share of $2.41 for the year, down from their prior forecast of $2.44. Jefferies Financial Group has a “Underperform” rating and a $30.00 price objective on the stock. Jefferies Financial Group also issued estimates for National Beverage’s Q4 2020 earnings at $0.49 EPS, FY2021 earnings at $2.00 EPS and FY2022 earnings at $1.93 EPS.
A number of other research analysts have also recently issued reports on the stock. ValuEngine cut shares of National Beverage from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. UBS Group cut their target price on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Zacks Investment Research upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, BidaskClub upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.88.
National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The company had revenue of $263.57 million for the quarter, compared to analyst estimates of $272.85 million. National Beverage had a net margin of 12.85% and a return on equity of 35.66%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share.
A number of hedge funds have recently bought and sold shares of FIZZ. Resources Investment Advisors LLC. bought a new stake in shares of National Beverage during the 2nd quarter valued at $45,000. Tower Research Capital LLC TRC boosted its stake in National Beverage by 28,600.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the company’s stock worth $51,000 after purchasing an additional 1,144 shares during the period. Advisory Services Network LLC boosted its stake in National Beverage by 357.3% in the 2nd quarter. Advisory Services Network LLC now owns 1,445 shares of the company’s stock worth $65,000 after purchasing an additional 1,129 shares during the period. Advisor Group Inc. boosted its stake in National Beverage by 107.2% in the 2nd quarter. Advisor Group Inc. now owns 3,050 shares of the company’s stock worth $136,000 after purchasing an additional 1,578 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in National Beverage in the 3rd quarter worth $155,000. Hedge funds and other institutional investors own 33.63% 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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