“Market close, FIZZ reported F2Q19 (Oct) revenue and EBITDA below both our estimates and consensus. We believe LaCroix sales growth decelerated sharply in a lawsuit claimed that the product contains certain questionable ingredients. The company announced a special dividend of $2.90 per share, payable on or about the ex-dividend date was November 29, 2018. Note that the CEO owns 73% of the stock.”,” the firm’s analyst wrote.
A number of other equities analysts have also issued reports on FIZZ. BidaskClub lowered National Beverage from a buy rating to a hold rating in a research report on Friday. Zacks Investment Research raised National Beverage from a sell rating to a hold rating in a research report on Wednesday, November 7th. Susquehanna Bancshares cut their target price on National Beverage from $143.00 to $138.00 and set a positive rating on the stock in a research report on Tuesday, October 30th. Imperial Capital upped their target price on National Beverage from $120.00 to $150.00 and gave the company an outperform rating in a research report on Friday, September 7th. Finally, Guggenheim raised National Beverage from a sell rating to a neutral rating and set a $86.00 target price on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $99.75.
National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. National Beverage had a return on equity of 50.08% and a net margin of 16.33%. The firm had revenue of $260.71 million for the quarter, compared to analyst estimates of $273.40 million. On average, sell-side analysts anticipate that National Beverage will post 3.83 earnings per share for the current year.
The company also recently declared a special dividend, which will be paid on Tuesday, January 29th. Stockholders of record on Friday, November 30th will be issued a $2.90 dividend. This is an increase from National Beverage’s previous special dividend of $1.50. The ex-dividend date of this dividend is Thursday, November 29th.
Several hedge funds and other institutional investors have recently modified their holdings of FIZZ. Commonwealth Equity Services LLC increased its holdings in shares of National Beverage by 312.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,564 shares of the company’s stock valued at $1,557,000 after acquiring an additional 11,031 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in National Beverage during the 2nd quarter worth $331,000. Victory Capital Management Inc. grew its stake in National Beverage by 13.4% during the 2nd quarter. Victory Capital Management Inc. now owns 18,550 shares of the company’s stock worth $1,983,000 after buying an additional 2,188 shares during the last quarter. Bbva Compass Bancshares Inc. bought a new position in National Beverage during the 2nd quarter worth $359,000. Finally, Engineers Gate Manager LP bought a new position in National Beverage during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 23.87% of the company’s stock.
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.
See Also: Diversification
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