National Beverage (NASDAQ:FIZZ) Posts Earnings Results

Key Points

• National Beverage reported $0.60 earnings per share for the quarter, meeting the consensus estimate, with a return on equity of 49.48%.
• The company's stock rose 2.7% to $40.35, while UBS Group lowered its target price from $45.00 to $40.00 and assigned a "sell" rating.
• Institutional ownership of National Beverage increased significantly, with First Trust Advisors boosting its stake by 434.8% in the second quarter.

National Beverage (NASDAQ:FIZZ - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60, Zacks reports. National Beverage had a return on equity of 49.48% and a net margin of 15.55%.

National Beverage Stock Up 2.7%

Shares of NASDAQ:FIZZ traded up $1.05 on Thursday, hitting $40.35. 327,467 shares of the company traded hands, compared to its average volume of 185,973. The company has a market cap of $3.78 billion, a PE ratio of 20.18 and a beta of 0.72. The stock has a 50 day simple moving average of $44.77 and a 200-day simple moving average of $43.66. National Beverage has a 52 week low of $38.25 and a 52 week high of $50.51.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on shares of National Beverage from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, September 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell" and a consensus target price of $40.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIZZ. First Trust Advisors LP lifted its stake in shares of National Beverage by 434.8% in the second quarter. First Trust Advisors LP now owns 58,637 shares of the company's stock worth $2,535,000 after buying an additional 47,672 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in National Beverage by 109.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 56,274 shares of the company's stock worth $2,433,000 after acquiring an additional 29,362 shares during the last quarter. BNP Paribas Financial Markets lifted its position in National Beverage by 48.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 49,308 shares of the company's stock valued at $2,132,000 after acquiring an additional 16,089 shares in the last quarter. Jane Street Group LLC lifted its position in National Beverage by 12,294.9% in the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company's stock valued at $2,006,000 after acquiring an additional 48,688 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in National Beverage by 41.7% during the 2nd quarter. American Century Companies Inc. now owns 33,870 shares of the company's stock valued at $1,465,000 after purchasing an additional 9,973 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.

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