National Beverage (FIZZ) Sets New 1-Year Low at $81.54

Shares of National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $81.54 and last traded at $82.84, with a volume of 136636 shares. The stock had previously closed at $84.52.

FIZZ has been the topic of several recent analyst reports. Zacks Investment Research upgraded National Beverage from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. BidaskClub upgraded National Beverage from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. Susquehanna Bancshares boosted their price objective on National Beverage from $141.00 to $155.00 and gave the stock a “positive” rating in a report on Tuesday, August 28th. Imperial Capital boosted their price objective on National Beverage from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. Finally, Guggenheim initiated coverage on National Beverage in a report on Thursday, September 13th. They set a “sell” rating and a $91.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $99.75.

The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 26.23 and a beta of 1.11.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, December 6th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $260.71 million for the quarter, compared to the consensus estimate of $273.40 million. National Beverage had a return on equity of 50.08% and a net margin of 16.33%. Analysts forecast that National Beverage Corp. will post 3.83 earnings per share for the current year.

The firm also recently announced 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 institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of National Beverage by 8.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,668 shares of the company’s stock valued at $713,000 after purchasing an additional 496 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of National Beverage by 10.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,634 shares of the company’s stock valued at $657,000 after purchasing an additional 540 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of National Beverage by 8.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 8,379 shares of the company’s stock valued at $896,000 after purchasing an additional 640 shares during the period. Cim LLC increased its holdings in shares of National Beverage by 16.7% in the 3rd quarter. Cim LLC now owns 5,320 shares of the company’s stock valued at $620,000 after purchasing an additional 762 shares during the period. Finally, Bbva Compass Bancshares Inc. increased its holdings in shares of National Beverage by 27.8% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 4,284 shares of the company’s stock valued at $499,000 after purchasing an additional 931 shares during the period. Institutional investors own 23.87% of the company’s stock.

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National Beverage Company Profile (NASDAQ:FIZZ)

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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