National Beverage (NASDAQ:FIZZ) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

National Beverage (NASDAQ:FIZZ) announced its quarterly earnings results on Thursday. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03), Zacks reports. The firm had revenue of $267.05 million for the quarter, compared to analysts’ expectations of $282.22 million. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

National Beverage Stock Performance

Shares of NASDAQ FIZZ opened at $40.87 on Friday. The company has a market cap of $3.83 billion, a PE ratio of 20.54 and a beta of 0.87. The business has a 50-day simple moving average of $41.45 and a two-hundred day simple moving average of $44.69. National Beverage has a fifty-two week low of $38.25 and a fifty-two week high of $53.48.

Insiders Place Their Bets

In related news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 74.80% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group cut their price target on National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a research note 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.