National Beverage (NASDAQ:FIZZ) Issues Quarterly Earnings Results

National Beverage (NASDAQ:FIZZ) released its quarterly earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03), Zacks reports. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

National Beverage Stock Up 1.8 %

Shares of FIZZ opened at $41.31 on Friday. The firm’s fifty day moving average is $41.49 and its two-hundred day moving average is $44.72. The stock has a market cap of $3.87 billion, a PE ratio of 20.76 and a beta of 0.84. National Beverage has a 52-week low of $38.25 and a 52-week high of $53.48.

Insider Activity

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $47.01, for a total transaction of $128,619.36. Following the sale, the director now directly owns 53,744 shares in the company, valued at $2,526,505.44. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 74.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price target on shares of National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, February 27th.

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.