Kayne Anderson Rudnick Investment. recently announced the acquisition of new stake in National Beverage Corp. (NASDAQ:FIZZ). The institutional investor has increased its shareholding in the Consumer Defensive company by 8.93% to 1.83 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 3.92% valued currently at $111.46 million. In addition, The Vanguard Group, Inc. raised its holdings by 12349.0 to 1.29 million shares. And Yost Capital Management LP has lifted its position by 36.66% or 0.11 million shares – to 0.4 million shares.
With over 0.2 million National Beverage Corp. (FIZZ) shares trading Tuesday and a closing price of $65.95 on the day, the dollar volume was approximately $13.27 million. The shares have shown a negative weekly performance of -2.44% and its price on 07/21/20 lost nearly -0.62%. Currently, there are 46.61M common shares owned by the public and among those 11.62M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for FIZZ have a consensus price objective of $50.33. The analysts have set the share’s price value over the next 12 months at a high of $64.00 and a low of $42.00 should the stock experience a downside. Incidentally, analysts’ outlook for the National Beverage Corp. stock is 4.30 for the next 12 months. The average price target is -31.04% below its last price level and a downside to the estimated low will see the stock lose -57.02% over that period. But an upside of -3.05% will see the stock hit the forecast high price target while mean target price for the stock is $45.00.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 75,000 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 7,000 shares.
The top 3 mutual fund holders in National Beverage Corp. are iShares Core S&P Small Cap ETF, Virtus KAR Small Cap Value Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 0.72 million shares of the company’s stock, all valued at over $43.92 million. Vanguard Total Stock Market Index bought 25586.0 shares to bring its total holdings to over 0.34 million shares at a value of $20.61 million. Vanguard Total Stock Market Index now owns shares totaling to 0.73% of the shares outstanding.
Shares of National Beverage Corp. (NASDAQ: FIZZ) opened at $66.69, up $0.33 from a prior closing price of $66.36. However, the script later closed the day at $65.95, down -0.62%. The company’s stock has a 5-day price change of -2.44% and 35.34% over the past three months. FIZZ shares are trading 29.26% year to date (YTD), with the 12-month market performance up to 59.88% higher. It has a 12-month low price of $35.71 and touched a high of $68.86 over the same period. Currently, 0.2 million shares have been traded, compared to an average intraday trading volume of 243.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.91%, 10.49%, and 32.50% respectively.
Institutional ownership of National Beverage Corp. (NASDAQ: FIZZ) shares accounts for 32.80% of the company’s 46.61M shares outstanding. Mutual fund holders own 20.00%, while other institutional holders and individual stakeholders account for 73.73% and 12.51% respectively.
It has a market capitalization of $3.06B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 23.85, while the earnings-per-share (ttm) stands at $2.77. The company has a PEG of 0.93 and a Quick Ratio of 2.80 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.16% over the week and 3.89% over the month.
Analysts forecast that National Beverage Corp. (FIZZ) will achieve an EPS of $0.91 for the current quarter, $0.77 for the next quarter and $3.09 for 2022. The lowest estimate earnings-per-share for the quarter is $0.81 while analysts give the company a high EPS estimate of $0.97. Comparatively, EPS for the current quarter was $0.74 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.50%, and 4.04% over the next financial year. EPS should grow at an annualized rate of 25.56% over the next five years, compared to 21.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate National Beverage Corp. (FIZZ) as a “Moderate Sell” at a consensus score of 4.30. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the FIZZ, a number of firms have released research notes about the stock. CFRA stated their Sell rating for the stock in a research note on January 16, 2020, with the firm’s price target at $50-$40. Imperial Capital coverage for the National Beverage Corp. (FIZZ) stock in a research note released on July 01, 2019 offered a Outperform rating with a price target of $65. UBS was of a view on June 04, 2019 that the stock is Neutral, while Maxim Group gave the stock Hold rating on June 03, 2019, issuing a price target of. Guggenheim on their part issued Sell rating on May 30, 2019.